AUD/USD: a positive prospect
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
CAD/JPY: there are lower levels
Information is not investment advice
Japanese yen has broadly strengthened as the demand for it as a safe haven increased. CAD/JPY fell and it looks like it has the potential for further declines: the pair isn’t oversold yet and didn’t reach any major support. Fibonacci tool locates a minor support level at 80.85 (78.6% Fibo of the May-July advance). If the pair slips below this point, it will be vulnerable for the decline to 79.95 (June low). This is in line with the general downtrend. At the same time, if the pair manages to get above 81.20, the next levels to watch will be at 81.60 and 82.00.
Elizabeth Belugina
Similar
USD/JPY: a SELL opportunity
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 looks vulnerable
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
Popular
Follow PepsiCo’s earnings report
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT. Be prepared!
EURUSD : targets in medium term 1.20 area and higher
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
Coca-Cola: time for new all-time highs?
Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. What will be the possible impact on the stock price?
Choose your payment system
