NZD/USD Technical analysis for the week of April 26-30, 2021

Shares of 2U (TWOU), an online educational platform, are trading 80% below the maximum levels of 2021. The company translates university training programs into an online format and then sells them to those interested, earning a commission for their participation. In other words, 2U is just an intermediary, not the creator of some unique product, as a result of which the initially increased attention of investors to TWOU looked strange. After all, the opportunities for scaling such a business are extremely limited. The situation worsened when a new report was published indicating a slowdown in growth, a decrease in the number of new students and large spending of cash on the background of growing debt.2U is the case when an 80% drop is not a reason to rush shopping. The first thing to mention is the devastating WSJ article, which caused the strongest reputational damage to the company. The magazine wrote about students' complaints about misleading advertising: 2U sellers promised everyone that graduates would be able to easily find a job, which prompted enthusiasts to pay for extremely expensive tuition. According to a recent report, the number of new registrations for courses decreased by 1%, to 85.2 thousand, while the revenue growth rate decreased for the third quarter in a row. The FCF indicator turned out to be negative: - $77.1 million. According to the latest data, there was $233 million in cash on the balance sheet, and debt obligations exceeded $845 million. With such introductory new funding will be extremely difficult to attract.

Cisco quotes continue to move within the correction and formation of the ”Wedge" reversal model. Moving averages indicate the presence of a short-term bullish trend for CSCO. Prices broke through the area between the signal lines down, which indicates pressure from sellers of securities. At the time of publication of the forecast, the price of Cisco shares is 53.28. As part of the forecast, we should expect an attempt to develop a price rise and a test of the resistance level near the area of 55.45. Then, a rebound and a continuation of the fall in the value of securities. The potential target of such a movement is the area below the level of 45.05.An additional signal in favor of a drop in Cisco quotes will be a test of the resistance line on the relative strength indicator (RSI), as we can see, tests of this line have already indicated a drop in stocks several times. The second signal will be a rebound from the upper border of the ”Wedge" reversal model. The cancellation of the option of falling quotations of the Cisco company's share price will be a strong growth and a breakdown of the 58.35 level. This will indicate a breakdown of the resistance area and the continuation of the rise to the area at the level of 70.00. We should expect an acceleration in the fall of stocks with a breakdown of the support area and a close below the level of 51.00, which will indicate a breakdown of the lower limit of the bullish channel.Cisco shares forecast for July and August 2021Thus, the Cisco stock forecast for July and August 2021 suggests the development of a correction and a test of the resistance area near the level of 55.45. From where we should expect a rebound and an attempt to continue the pair's fall to the area below the level of 45.05. A trend line test on the relative strength indicator will be in favor of the fall of the currency pair. The cancellation of the CSCO reduction option will be a strong growth and a breakdown of the 58.35 level. This will indicate a breakdown of the resistance and the continuation of the rise in the value to the area above the level of 70.00. As you can see, the technical analysis of Cisco shares indicates the probability of a fall in the framework of testing the ”Wedge” model.

Salesforce quotes continue to move within the growth and bullish channel. Moving averages indicate the presence of a short-term upward trend in CRM. Prices broke through the area between the signal lines up, which indicates pressure from sellers of securities. At the time of publication of the forecast, the price of Salesforce shares is 248.48. As part of the forecast of the CRM stock price, we should expect an attempt to develop a correction and a test of the support level near the area of 240.55. Next, a rebound up and a continuation of the rise in the value of securities. The potential target of such a movement is the area above the level of 320.00.An additional signal in favor of the rise in CRM quotes will be a test of the support line on the relative strength indicator (RSI), as we can see, now the values are testing the resistance line, there is a risk of a fall from the current levels. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the growth option for the quotes of the Salesforce stock price will be a drop and a breakdown of the 215.00 level. This will indicate a breakdown of the support area, as well as the lower border of the channel and the continuation of the fall to the area at the level of 190.55. We should expect an acceleration of the stock's rise with a breakdown of the resistance area and a close above the level of 260.55, as we can see, prices are stubbornly testing this level, but there has not been a breakdown yet.Salesforce shares forecast for July and August 2021Thus, the Salesforce stock forecast for July and August 2021 suggests the development of a correction and a test of the support area near the level of 240.55. From where we should expect a rebound and an attempt to continue the stock's rise to the area above the level of 320.00. The trend line test on the relative strength indicator will be in favor of the growth of securities. The cancellation of the CRM lifting option will be a drop and a breakdown of the 215.00 level. This will indicate a breakdown of support and a continuation of the fall in the value to the area below the level of 190.55. As you can see, the technical analysis of Salesforce shares indicates a high probability of continued growth with a common goal above the level of 320.00.

The Australian Dollar/US Dollar AUD/USD currency pair continues to move within the framework of the decline and the descending channel. Moving averages indicate the presence of a short-term bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall in the value of the instrument from the current levels. At the time of publication of the forecast, the exchange rate of the Australian Dollar against the US Dollar is 0.7364. At the moment, we should expect an attempt to develop a rise and a test of the resistance area near the level of 0.7455. Further, the rebound and the continuation of the fall of quotations in the area below the level of 0.7205.An additional signal in favor of a decline in the AUD/USD currency pair will be a rebound from the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the descending channel. The cancellation of the option of falling Australian Dollar quotes on Forex will be a strong growth and a breakdown of the 0.7605 level. This will indicate a breakdown of the resistance area and the continuation of the growth of the AUD/USD currency pair with a potential target above the level of 0.7835. We should expect confirmation of the pair's fall with a breakdown of the support area and the closing of quotes below the level of 0.7285, which will indicate a breakdown of the lower border of the descending channel.AUD/USD Forex forecast and analytics for July 20, 2021Important news from Australia that may affect the pair's exchange rate is not expected, so the pair will continue to move within the framework of technical analysis.Thus, the AUD/USD Forex forecast and analytics for July 20, 2021 suggests an attempt to test the resistance level near the 0.7455 area. Further, the pair's quotes will continue to fall below the level of 0.7205. An additional signal in favor of a decline in the pair will be a test of the trend line on the relative strength indicator. The cancellation of the fall option will be a strong growth and a breakdown of the 0.7605 area. This will indicate the continuation of the rise of quotations with a potential target above the level of 0.7835.

The US Dollar/Canadian Dollar USD/CAD currency pair continues to move within the framework of strong growth and left the limits of the bullish channel. At the time of publication of the forecast, the US Dollar exchange rate against the Canadian Dollar is 1.2703. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 1.2575 area. Next, a rebound up and the continuation of the growth of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.2935.An additional signal in favor of the growth of the Canadian Dollar quotes will be a test of the support line on the relative strength indicator. The second signal in favor of the rise will be a rebound from the upper border of the bullish channel. The cancellation of the growth option of the USD/CAD currency pair on Forex will be a fall and a breakdown of the 1.2545 area. This will indicate a breakdown of the support area and the continuation of the fall of quotes in the area below the level of 1.2155. We should expect confirmation of the pair's growth with a breakdown of the resistance area and the closing of the USD/CAD quotes above the level of 1.2775.USD/CAD Canadian Dollar forecast for July 20, 2021Important news from Canada, which may have an impact on the USD/CAD exchange rate, is not expected, so the pair will continue to move within the framework of technical analysis.Thus, the USD/CAD forecast of the Canadian Dollar for July 20, 2021 suggests an attempt to test the support area near the level of 1.2575. Further, the continuation of growth in the area above the level of 1.2935. An additional signal in favor of the growth of the Canadian Dollar on Forex will be a test of the trend line on the relative strength indicator. The cancellation of the option of raising the USD/CAD quotes will be a fall and a breakdown of the 1.2545 level. This will indicate a continued decline in the value of the asset with a potential target below the level of 1.2155.

Coca-Cola quotes continue to move within the correction and bullish channel. Moving averages indicate the presence of a short-term sideways trend in KO. Prices broke through the area between the signal lines down, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of Coca-Cola shares is 54.30. As part of the forecast of the KO stock price, we should expect an attempt to develop a correction and a test of the support level near the 52.00 area. Next, a rebound up and a continuation of the rise in the value of securities. The potential target of such a movement is the area above the level of 62.50.An additional signal in favor of the rise of KO quotes will be a test of the support line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the option of increasing the quotations of the Coca-Cola company's share price will be a fall and a breakdown of the 50.00 level. This will indicate a breakdown of the support area, as well as the lower border of the channel and the continuation of the fall to the area at the level of 45.00. We should expect an acceleration of the stock's rise with a breakdown of the resistance area and a close above the 57.50 level.Coca-Cola shares forecast for July and August 2021Thus, Coca-Cola shares forecast for July and August 2021 suggests the development of a correction and a test of the support area near the level of 52.00. From where we should expect a rebound and an attempt to continue the stock's rise to the area above the level of 62.50. The trend line test on the relative strength indicator will be in favor of the growth of securities. The cancellation of the KO rise option will be a fall and a breakdown of the 50.00 level. This will indicate a breakdown of support and a continuation of the fall in the price to the area below the level of 45.00. As you can see, the technical analysis of Coca-Cola shares indicates the probability of a minor correction, but the potential for a rise is quite serious.

NIKE quotes continue to move within the framework of strong growth after going beyond the protracted sideways trend. Moving averages indicate the presence of a short-term bullish trend for NKE. Prices have broken up the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the price of NIKE shares is 159.95. Within the framework of the forecast of the NKE stock price, we should expect an attempt to develop a correction and a test of the support level near the area of 149.00. Then, a rebound up and a continuation of the rise in the value of securities. The potential target of such a movement is the area above the level of 195.05.An additional signal in favor of the rise of NKE quotes will be a test of a broken trend line on the relative strength indicator (RSI), as we can see, buyers have been trying to break through this line for a long time. The second signal will be a rebound from the support area on the price chart. The cancellation of the growth option of the NIKE stock price quotes will be a fall and a breakdown of the 127.00 level. This will indicate a breakdown of the support area, as well as the lower border of the channel and the continuation of the fall to the area at the level of 100.00. We should expect an acceleration of the stock's rise with a breakdown of the resistance area and a close above the 170.00 level, which will indicate a breakdown of the upper limit of the bullish channel.NIKE shares forecast for July and August 2021Thus, the NIKE Stock forecast for July and August 2021 suggests the development of a correction and a test of the support area near the level of 149.00. From where we should expect a rebound and an attempt to continue the stock's rise to the area above the level of 195.05. The trend line test on the relative strength indicator will be in favor of the growth of securities. The cancellation of the NKE rise option will be a drop and a breakdown of the 127.00 level. This will indicate a breakdown of support and a continuation of the fall in the value to the area below the level of 100.00. As you can see, the technical analysis of NIKE shares indicates the probability of a correction from the current levels, but the continuation of the rise and the breakdown of the 170.00 level will form a very strong signal with the growth of the company's shares above the 200.00 level.

Exxon Mobil quotes continue to move within the correction and have left the limits of the ”Wedge” reversal model. Moving averages indicate the presence of a short-term bullish trend for XOM. Prices broke through the area between the signal lines down, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of Exxon Mobil shares is 60.54. As part of the forecast, we should expect an attempt to develop a price rise and a test of the resistance level near the area of 62.00. Then, a rebound and a continuation of the fall in the value of securities. The potential target of such a movement is the area below the level of 44.00.An additional signal in favor of the fall in Exxon Mobil quotes will be a test of the broken line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the ”Wedge" reversal model. The cancellation of the option of falling quotations of the value of Exxon Mobil shares will be a strong growth and a breakdown of the level of 65.55. This will indicate a breakdown of the resistance area and the continuation of the rise to the area at the level of 75.00. We should expect an acceleration in the fall of shares with a breakdown of the support area and a close below the level of 53.05, as we can see, this level cannot be broken yet.Exxon Mobil shares forecast for July and August 2021Thus, the forecast for Exxon Mobil shares for July and August 2021 suggests the development of a correction and a test of the resistance area near the level of 62.00. From where we should expect a rebound and an attempt to continue the pair's fall to the area below the level of 44.00. The trend line test on the relative strength indicator will be in favor of the fall of the currency pair. The cancellation of the XOM reduction option will be a strong growth and a breakdown of the 65.55 level. This will indicate a breakdown of the resistance and the continuation of the price's rise to the area above the level of 75.00. As you can see, the technical analysis of Exxon Mobil shares indicates the probability of a fall from the current levels as part of the development of a reversal model called ”Wedge”.