Under Armour tries to vent off oversold saturation - Analysis - 24-01-2024

Electronic Arts' stock (EA) returned higher in the intraday levels, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.

The NZDUSD pair managed to achieve our waited target at 0.6140 and finds solid resistance there, and we suggest the continuation of the bullish bias to surpass this level and open the way to achieve additional gains that reach 0.6228, to keep the bullish trend scenario valid and active for the upcoming period, noting that failing to breach 0.6140 will push the price to rebound bearishly and head to test 0.6070 areas mainly.

The AUDUSD pair trades with clear positivity to move away from 0.6570 level and hints heading to reactivate the intraday bullish track, on its way to test 0.6640 as a next main station.