AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
EUR/CHF is trying to return to 1.14
Information is not investment advice
On W1, EUR/CHF formed a bearish candlestick with a long upper shadow. The pair failed to close last week above the line connecting October and February highs. Weekly Moving Averages also added to the resistance. At the same time, on D1 the pair got support from the 200-day MA at 1.1350. The euro will likely revisit the 1.14 area where it’s possible to try short positions. If the price manages to overcome the resistance, the next level to watch on the upside will be at 1.1440.
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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