AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
AUD/USD is looking down
Information is not investment advice
The Asian trading session on Thursday wasn’t kind to the AUD: Australia released weak labor figures and investors got worried about the prospects of the trade deal between the United States and China. AUD/USD that has settled below the 100-day MA in the 0.6840 area. The pair is currently testing the 50% Fibo retracement level of the October advance around 0.6800. The loss of this support will lead the price down to 0.6770 (61.8% Fibo) and 0.6725 (78.6% Fibo). Resistance lies at 0.6815 (200-period MA on H4) and 0.6830/40.
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
According to Westpac, the AUD is undervalued. What target do they set?
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…