Corn price traded negatively yesterday to approach our first waited target at 393.50$, waiting for more decline to surpass this level and achieve additional negative targets that reach 380.00$.

The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless the price rallied to breach 410.00$ and hold above it.

The expected trading range for today is between 385.00$ support and 405.00$ resistance.

Trend forecast: Bearish

The USDCHF price bounced bearishly after retesting the broken neckline of the head and shoulders’ pattern, to keep the negative effect of this pattern active, waiting to achieve our negative targets that start at 0.8780 and extend to 0.8675 after breaking the previous level.

The EMA50 presses negatively on the price to support the continuation of the expected bearish trend, which will remain valid unless breaching 0.8885 and holding above it.

The expected trading range for today is between 0.8740 support and 0.8885 resistance.

Trend forecast: Bearish

The NZDUSD price shows positive trades to test the key resistance 0.5915$, and the price needs to hold below this level to keep the bearish trend valid for the upcoming period, which its next targets located at 0.5850$ followed by 0.5775$.

The RSI loses its positive momentum gradually, and the EMA50 forms continuous negative pressure against the price, which supports the continuation of the bearish trend scenario, which will remain valid conditioned by the price stability below 0.5915$.

The expected trading range for today is between 0.5850$ support and 0.5950$ resistance

Trend forecast: Bearish

The AUDUSD price begins today with strong decline to touch our waited target at 0.6500$ and attempts to break it, to support the chances of extending the bearish wave and head to achieve additional negative targets that extend to 0.6410$.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that the consolidation of 0.6500$ level against the negative pressure might push the price to test 0.6570$ areas before any new attempt to decline.

The expected trading range for today is between 0.6450$ support and 0.6550$ resistance

Trend forecast: Bearish