Corn price trades with clear negativity since yesterday, starting today with additional decline to approach our first waited target at 525.00, reinforcing the expectations of continuing the bearish trend, which its next target extends to 510.00.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period conditioned by the price stability below 555.00, noting that moving below the EMA50 supports the suggested decline.

The expected trading range for today is between 520.00 support and 535.00 resistance.

The expected trend for today: Bearish

The USDCHF pair breached 0.9090 level strongly and rallied upwards to activate the bullish trend scenario on the intraday and short term basis, and the way is open to visit 0.9190 as a next positive target, noting that breaching this level will extend the bullish wave to reach 0.9295 as a next station.

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 0.9090 and holding below it.

The expected trading range for today is between 0.9100 support and 0.9230 resistance.

The expected trend for today: Bullish

The NZDUSD pair’s recent trades are confined within bearish pennant pattern that appears on the minor image, thus, the price needs to break 0.7240 to get negative motive that assists to rally towards our waited negative target at 0.7160.

Therefore, our bearish overview will remain valid and active for the upcoming period conditioned by the price stability below 0.7300.

The expected trading range for today is between 0.7170 support and 0.7300 resistance

The expected trend for today: Bearish

The AUDUSD pair still stuck between the key levels represented by 0.7725 support and 0.7765 resistance, which makes us continue with our neutrality until the price confirms breaching one of these levels to detect its next destination clearly.

Note that breaching the mentioned resistance will push the price to resume the main bullish trend and achieve positive targets that start at 0.7815 and extend to 0.8000, while breaking the support represents negative factor that will put the price out of the bullish channel to start bearish correction that targets 0.7605 areas initially.

The expected trading range for today is between 0.7690 support and 0.7840 resistance

The expected trend for today: Neutral