RTTN: Canadian Dollar Climbs To Nearly 3-month High Against Yen
(RTTNews) - The Canadian dollar rose to 79.27 against the yen around 9:45 am ET, its highest level since May 17. The loonie-yen pair is likely to challenge the key resistance zone of 79.45/79.60.
The pair is now hovering around the upper-trend line of an ascending channel in the 2-hour chart with bias for a potential reversal and a probable support area of 78.60/50 seen in the near-term.
