Apple’s stock price (AAPL) rose in the intraday levels and tackled the pivotal resistance of $237.23 an ounce, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI, while the stock trades alongside the main upward short-term trend line.
Therefore we expect more gains for the stock, provided the resistance of $237.23 was reliably breached, thus targeting the next one at $248.30.
Trend forecast: Likely Bullish
The NZDUSD price trades negatively to move below 0.6070$ again, and as we mentioned this morning, the price needs to hold above this level to keep the positive scenario active, noting that confirming the break will push the price to achieve new decline that its next main target reaches 0.6000$.
The expected trading range for today is between 0.6040$ support and 0.6140$ resistance
Trend forecast: Bullish
The AUDUSD price faces new negative pressure to attack 0.6697$ level and attempts to hold below it, which urges caution from the upcoming trading, as confirming the break will put the price under negative pressure to head towards testing 0.6621$ areas on the near-term basis, while consolidating above it will push the price to achieve our first positive target at 0.6744$.
The expected trading range for today is between 0.6670$ support and 0.6770$ resistance
Trend forecast: Bullish
Brent oil price attempts to breach 73.90$ level, which urges caution from the upcoming trading, as confirming the breach might push the price to achieve additional gains to test the most important resistance at 75.36$ before any new attempt to decline.
The price needs to consolidate below 73.90$ to guarantee the continuation of the expected bearish trend for the upcoming period, which its next target located at 72.06$.
The expected trading range for today is between 71.80$ support and 74.80$ resistance.
Trend forecast: Bearish