CADJPY broke lower out of an ascending wedge.

The CADJPY is breaking lower out of an ascending wedge ahead of the BOC rate decision tomorrow. No one is expecting the BOC to move on rales, but a dovish slant from the central bank could allow a further move to the 200dma and 50dma confluence near the 79.80 level. A break of this level could attack the 78.95 level horizontal support once again.