McCormick & Company, Incorporated's stock (MKC) rose in the intraday levels, after leaning on the support of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, amid the dominance of the upward correctional short-term wave, marking a profit of 2.16% in the last session, or 1.85 points, and settling at 87.58.
Therefore we expect more gains for the stock, targeting the resistance of 93.00, provided the support of 84.80 holds on.
Expected trend for today: Bullish
American Eagle Outfitters' stock (AEO) rose in the intraday levels, marking a profit of 1.18% in the last session, or 12 cents, and settling at 10.29, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, amid the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 9.50, provided the resistance of 11.52 holds on.
Expected trend for today: Bearish
The NZDUSD pair shows more bullish bias to breach 0.6090 and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our waited targets begin at 0.6140 and extend to 0.6290 after surpassing the previous level.
Therefore, the bullish trend will remain valid and active for today conditioned by the price stability above 0.6020.
The expected trading range for today is between 0.6050 support and 0.6160 resistance
The expected trend for today: Bullish
The AUDUSD pair continues to rise to approach our first waited target at 0.6660, and we suggest the continuation of the bullish bias to surpass this level and open the way to rally towards 0.6780.
In general, the bullish trend will remain valid and active unless breaking 0.6550 and holding below it.
The expected trading range for today is between 0.6570 support and 0.6670 resistance
The expected trend for today: Bullish