Apple spikes - Analysis - 01-12-2022
Apple's stock (AAPL) surged in the intraday levels after announcing a security detail to improve troubleshooting in iPhone 15 and Pro 14, while also updating their wireless communication systems, after reports that iPhone 14 users are complaining from random activating of the troubleshooting feature on their phones, with the stock rallying 4.86% in the last session, or 6.86 points, settling at 148.03, with trading volumes surpassing 111.3 million shares, above 10-day averages of 68.7 million shares.
Technically, the stock is testing the downward short-term trend line anew, while touching the resistance of the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 134.60, provided the resistance of 150.40 holds on.
Expected trend for today: Bearish
Midday update for the NZDUSD 01-12-2022
The NZDUSD pair shows more bullish bias to move away from 0.6300 barrier, reinforcing the expectations of continuing the domination of the bullish trend for the rest of the day, which targets 0.6400 as a next station, noting that the EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6240.
The expected trading range for today is between 0.6280 support and 0.6400 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 01-12-2022
The AUDUSD pair succeeded to achieve our first extended target at 0.6840 and shows some slight bearish bias now, waiting to resume the bullish wave that its next target reaches 0.6900, to keep our bullish overview for today unless breaking 0.6767 and holding below it.
The expected trading range for today is between 0.6750 support and 0.6870 resistance
The expected trend for today: Bullish
Midday update for Brent oil 01-12-2022
Brent oil price hovers around the EMA50, waiting to gather enough positive momentum to push the price to resume the correctional bullish wave, which its next target located at 88.67, to keep our bullish overview valid for today unless breaking 85.70 and holding below it.
The expected trading range for today is between 85.50 support and 89.00 resistance.
The expected trend for today: Bullish