Alibaba Group Holdings' stock (BABA) rose in the intraday levels, testing the downward correctional trend line in the short term, while touching the resistance of the 50-day SMA, as the RSI reached overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect the stock to return lower, targeting the support of 70.12, provided the resistance of 77.77 holds on.
Expected trend for today: Likely Bearish
Pfizer's stock (PFE) rose in the intraday levels, testing the downward short-term trend line, while touching the resistance of the 50-day SMA, as the RSI reached overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect the stock to return lower, targeting the support of 25.75, provided the resistance of 30.75 holds on.
Expected trend for today: Likely Bearish
The NZDUSD pair trades with clear negativity now to head towards potential test to 0.6290 level, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that we are waiting to visit 0.6425 as a next main target.
The expected trading range for today is between 0.6290 support and 0.6380 resistance
The expected trend for today: Bullish
The AUDUSD pair faces clear negative pressure to surpass 0.6830 level and approach the key support 0.6780, and the EMA50 meets this support to add more strength to it, to support he chances of turning back to rise after testing this support.
The current decline is temporary, waiting to resume the main bullish wave and head towards 0.6925 as a next main target, taking into consideration that breaking 0.6780 will stop the main positive scenario and push the price to turn to decline.
The expected trading range for today is between 0.6780 support and 0.6860 resistance
The expected trend for today: Overall bullish