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Corn price achieves clear gains – Analysis - 17-11-2023
Corn price traded with clear positivity yesterday to surpass 487.90 level, but it loses the positive momentum to start providing calm negative trades, hinting heading to achieve potential decline in the upcoming sessions.
Until now, the sideways scenario still suggested on the intraday basis until the price surpass one this range’s lines represented by 481.30 support and 493.20 resistance, while the expected targets of the breach are explained in our previous report for Corn price.
The expected trading range for today is between 482.00 support and 495.00 resistance.
The expected trend for today: Sideways
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The USDCHF keeps its negative stability – Analysis - 17-11-2023
The USDCHF pair didn’t show any strong move yesterday, to remain stable below 0.8888, thus, no change to the expected bearish trend scenario on the intraday basis, which targets testing 0.8810 as a next main station, noting that breaching 0.8888 will lead the price to start recovery attempts that target 0.8968 initially.
MoreThe NZDUSD keeps declining – Analysis - 17-11-2023
The NZDUSD pair keeps providing the negative trades to approach our first waited target at 0.5935, and we suggest the continuation of the bearish bias to visit 0.5900 level as a next negative station, to keep the bearish trend scenario active on the intraday basis.
MoreThe AUDUSD awaits more decline – Analysis - 17-11-2023
The AUDUSD pair shows more bearish bias to approach the EMA50, waiting to test 0.6400 level that represents our main target, noting that breaking this level will put the price under additional negative pressure that its next targets reach 0.6310 areas.
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