AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
NZD/JPY: watch the resistance
Information is not investment advice
NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level. The pair has reached the July high at 72.93. Above this level, the next natural one is the 100-day MA in the 73.35 area. The line is going down and will provide resistance. Still, in the short term, it will likely attract the exchange rate.
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.
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
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