was our chart of the day back on July 1, when we warned of a move lower if and/or fell. With both falling, CAD/JPY came under pressure as expected and now is approaching some key support. There is horizontal support at the 85.46 level, but the 200-day moving average and the February 2020 highs near 84.65 could provide additional support if CAD/JPY takes out some sell stops. Daily RSI has also reached oversold, so a bounce from those support levels noted could be around the corner.
