AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
AUD/NZD looks vulnerable
Information is not investment advice
AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500. It retraced 61.7% of the March-April advance. This Fibo level is currently providing support in the 1.0440 area. The decline below it will open the way down to 1.0370 (78.6% Fibo). The return above 1.0470 is needed to start a bullish correction.
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?
Johnson & Johnson will announce its earnings results for the first quarter on April 20 at 15:30 MT. Let’s get ready!
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