Alibaba Group Holdings' stock (BABA) fell in the intraday levels, while trying to gather momentum to rise anew, amid the dominance of the upward medium-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect the stock to rise and target the resistance of 105.00, provided it settles above 91.00.
Expected trend for today: Likely Bullish
Pfizer's stock (PFE) fell in the intraday levels, amid the dominance of the main downward medium-term trend, while trading alongside secondary short-term trend line, with negative signals from the RSI despite reaching oversold levels, as the stock suffers from trading below the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 34.66, provided it settles below 36.17.
Expected trend for today: Bearish
The NZDUSD pair keeps its stability below 0.5900, to continue suggesting the bearish trend for today, supported by stochastic loss to the positive momentum clearly, waiting to head towards 0.5820 followed by 0.5750 levels that represent our next main targets, noting that holding below 0.5900 is important to achieve these targets.
The expected trading range for today is between 0.5820 support and 0.5920 resistance
The expected trend for today: Bearish
The AUDUSD pair tested 0.6400 level and keeps its stability below it, to keep the bearish trend scenario active for today, supported by the EMA50 that presses negatively on the price, waiting to visit 0.6300 as a next main target, reminding you that it is important to hold below 0.6400 to continue the expected decline.
The expected trading range for today is between 0.6310 support and 0.6410 resistance
The expected trend for today: Bearish