Corn price rallied upwards clearly yesterday to approach our waited target at 652.10, to support the continuation of the expected bullish trend on the intraday basis, noting that breaching the mentioned level will complete forming positive pattern that has positive targets that extend to 673.50.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, taking into consideration that the continuation of the bullish wave requires holding above 634.80 and 629.20 levels.

The expected trading range for today is between 640.00 support and 654.00 resistance.

The expected trend for today: Bullish

The USDCHF pair surpassed 0.8940 level and settled above it, to head towards achieving more expected bullish bias on the intraday basis, targeting testing 0.9055 level as a next positive station, noting that breaching this level will extend the bullish wave to reach 0.9195 as a next main target.

Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 0.8960 will stop the positive scenario and press on the price to resume the main bearish trend again.

The expected trading range for today is between 0.8910 support and 0.9060 resistance.

The expected trend for today: Bullish

The NZDUSD pair surpassed the bullish channel’s support line and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting 0.6140 level initially, noting that breaking this level will push the price to suffer additional losses that reach 0.6020 areas.

Therefore, the bearish trend will be expected for today, supported by the negative pressure formed by the EMA50, noting that breaching 0.6200 will stop the negative scenario and lead the price to recover and visit 0.6290 level initially.

The expected trading range for today is between 0.6120 support and 0.6225 resistance

The expected trend for today: Bearish

The AUDUSD pair settles below the broken support of the bullish channel that appears on the chart, to keep the bearish trend scenario active, which its targets begin by testing 0.6665 level, reminding you that surpassing this level will push the price to 0.6550 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6720 will push the price to test 0.6780 direct before determining the next destination clearly.

The expected trading range for today is between 0.6640 support and 0.6750 resistance

The expected trend for today: Bearish