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Cisco shares plunged to the bottom of 46.30, ending the sideways movement in which it has been moving in the past two weeks. The stock dropped above support at 50% Fibonacci retracement and then next support at 61.8%. This is under the negative effect of moving averages that move above the price and push it down.

Stable trading below the 61.8% Fibonacci retracement is a key factor to start the course.

A bearish condition on which the price manages to breach 46.30 support.

The Stochastic is in a sideways path that tends to rise and tries to push the price off the support level.

Overall trend: Bearish.

The Australian dollar rose during the Asian session to witness the rebound for the seventh session in twelve sessions from the lowest since March 18, 2009 against the US dollar following the developments and economic data followed by the Australian economy and on the eve of developments and economic data expected on Wednesday Economy in the world which includes the recent FOMC members.

At 02:54 AM GMT, the Australian dollar against the US dollar rose 0.41% to 0.6787 levels, compared to the opening levels at 0.6759, after the pair achieved the highest during the session at 0.6791, while the lowest level at 0.6752.

This was followed by the Reserve Bank of Australia Assistant Governor in charge of Risk Management Committee Jay Diabel at the Investment Conference of the Australian Chartered Financial Analysts in Sydney, before the release of the Australian housing market data with the release of the unemployment rate, which showed a decline to 5.2% Compared to the previous reading of August and expectations of 5.3%.

This came in conjunction with the release of the change in employment, which reflected a contraction of the rise to 14.7 thousand compared to 37.9 thousand in August, below expectations at 15.3 thousand, amid the rise in full-time employment change 26.2 thousand versus the decline of 13.2 thousand, and the decline in change in part-time employment 11.4K vs. 51.1K rise, with the Business Confidence reading showing a decline to 2 vs. 5 high in the second quarter.

On the other hand, investors are awaiting the US economy to reveal the housing market data with the release of the Housing Starts and Building Permits for September and expectations that building permits will fall 5.8% to 1.34 million versus a rise of 7.7% at 1.43. Housing starts in August may also show a decline of 3.2% to 1.32 million from a decline of 12.3% at 1.36 million.

This also comes in conjunction with the release of the index of claims for the last week on the 12th of this month, which may reflect an increase of 2,000 applications to 212 thousand applications compared to 210 thousand applications in the previous weekly reading, while the reading of the claims applications index may show investors for the week that ended on the fifth of This month, a decrease of 14 thousand applications to 1,670 thousand applications compared to 1,684 thousand applications.

Markets from the world's largest industrialized nations are also eyeing the release of the Philly Fed Manufacturing Index, which may reflect a contraction in the expansion to 7.3 from 12.0 in September, before we see the release of the industrial production index which may show a 0.1% decline versus a rise. 0.6% in August, while the Energy Exploitation Rate reading may show a slowdown in growth to 77.7% versus 77.9% in August.

FOMC Fed Governor Michelle Bowman and Chicago Fed President Charles Evans speak at the Federal Reserve Bank of Chicago listening event, before we see another Federal Reserve Chairman, the Federal Reserve Bank of New York. John Williams at the Managed Funds Expectations Conference in New York.

Technical Analysis

AUDUSD is trading today with a fresh bullish bias, on its way to test the resistance of the descending channel, and as long as the price is below 0.6820, our expectations for the bearish trend will remain valid, as a breach of this level will push the price to start a bullish correction in the intraday and short term. The first target for the suggested bearish wave is at 0.6700.

Expected trading range for today is between 0.6710 support and 0.6820 resistance.

Expected trend for today: Bearish.

When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buy against trend strictly on level retest! Buying an option before publishing important economic news is considered risky. The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

The overall movement is upward. Bears tested the level of 50 on Fibo from the upward impulse wave (A D1). The descending (blue) pattern is truncated. Bullish Divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals that the pair is oversold. The inclined channel of the descending pattern is not broken.

Trading recommendations:

Buy as an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending pattern, completing it.

Stop loss under the local minimum.

Target levels – 9.8566; 9.9160; 9.9625.

The pair is above 0.6775, while still trading flat due to the uncertainty of the RBA’s policies until the end of the year and the lack of clear prospects concerning the US-China trade talks.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and turns down. Stoch are in the overbought zone and indicate a weakening of growth.

Trading recommendations:

If the pair drops below 0.6775, it may correct up to 0.6735. Buy the pair as it moves down from 0.6735 with a local target of 0.6810.

The overall movement is upward. The support level of 220.80 holds back sellers. The Stochastic Oscillator indicator shows the crossing of moving averages and the rebound from the oversold zone. The pivot zone of 228.0 deters buyers.

Trading recommendations:

Buy above the pivot zone 228.0.

Stop Loss – 220.80.

Target levels – 235.0; 243.6; 255.54.

When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buy against trend strictly on level retest! Buying an option before publishing important economic news is considered risky.The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

Bulls are testing the pivot zone of 1486 if the price holds above it, the overall uptrend will be able to continue. The nearest price pivot zone that holds back sellers is 1474.0.

Trading recommendations:

Buy above the pivot zone 1486.0.

Stop Loss under the pivot zone 1474.0.

Target levels - 1497.0; 1510.0; 1535.0.

Renewable energy becomes more popular all over the world. It includes solar energy, wind energy and, of course, hydroelectricity. The majority of Russian hydropower plants are owned by RusHydro.

The company's shares were in decline amid the general bearish movement of the stock market. Now the stock is trading in the range of the round important level of 50 kopecks per 1 share. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator shows an exit from the oversold zone.

Trading recommendations:

Buy Above the round pivot zone of 0.5020.

Stop Loss under the low 0.4960.

Target levels - 0.5080; 0.5180.

The pair is trading below 108.90 amid the positive market sentiment as the reports of the US companies indicate the lack of a strong negative impact of the US-China trade war on the profits, and the conflict itself is generally considered to have minimal influence on the US economy.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is at the border of overbought zone. Stoch are leaving this zone while heading downwards.

Trading recommendations:

The pair may correct to 108.45. If the price stays there, it may reverse upwards. Buy the pair as it rebounds or after it goes above 108.90 with a target of 109.30 or 109.85.