Amazon.com’s stock price (AMZN) kept falling in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the pivotal support of $154.85, provided the resistance of $181.90 holds on.
Trend forecast: Bearish
Cisco Systems’ stock price (CSCO) fell in the intraday levels while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, with negative signals coming out of it, while the stock is buoyed by exiting the descending price channel that guided its recent short-term trading, with positive support due to trading above the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of $52.60, provided the support of $48.20 holds on.
Trend forecast: Likely Bullish
The NZDUSD price managed to touch 0.6300$ level and finds solid resistance there, to show some bearish bias now, waiting to get positive motive that assist to push the price to resume the bullish wave that its next target reaches 0.6368$.
In general, the bullish trend will remain valid and active for the upcoming period unless breaking 0.6228$ and holding below it.
The expected trading range for today is between 0.6230$ support and 0.6340$ resistance
Trend forecast: Bullish
The AUDUSD price continues to rise to surpass 0.6800$ barrier and support the continuation of the expected bullish trend for today, waiting to visit 0.6870$ as a next main target.
The bullish channel continues to organize the suggested bullish wave, noting that breaking 0.6728$ will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.6750$ support and 0.6850$ resistance
Trend forecast: Bullish