AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
USD/CAD: a positive impulse
Information is not investment advice
USD/CAD recovered last week from the 2018 support line in the 1.3150/00 area. On D1, the Awesome Oscillator crossed the zero line to the upside. We can see that the pair closed yesterday above the resistance line connecting late January and February highs just above 1.33. This may be a neckline of an inverted “Head and shoulders” pattern. The target of this formation lies on the upside, at 1.3540.
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…