With SP500 down -0.28% for the day and US futures at daily lows, CAD/JPY is flat for the day at about same price it opened yesterday the Asia-Pacific session at 83.60. In an up and down day, the cross managed to slip first to day lows at 83.32, for then climbing in a rush to day and weekly highs at 84.12, for then settling down again to current levels.

The cross is still higher for the week by an impressive +1.24%, stalling the bounce started last Friday at 10-day lows 81.83, below 0.23 retrace of latest leg down 84.95/81.83. Now it sits underneath lows of the period March 15 thru March 20, and slightly above highs from March 09.

For the nearest term, support in the downside show at recent day lows 83.30 followed by 82.95/85 as March 23 highs/March 02 highs, and 82.65 as March 12 lows. For the upside, nearest term resistance show at current levels 83.60 as March 15/19 lows, followed by 83.77 as March 20 lows and 84.10 as yesterday's highs.