Corn price keeps rising to reach the thresholds of the waited target at 487.30$, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the bullish bias to achieve the suggested target.

On the other hand, we should note that breaking 474.60$ will stop the bullish wave to push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 475.00$ support and 487.00$ resistance.

Trend forecast: Bullish

The USDCHF price shows additional negative trades to test the intraday bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic shows oversold signals now.

Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, waiting to test 0.9224 as a next main target, noting that the continuation of the bullish wave requires holding above 0.9110.

The expected trading range for today is between 0.9070 support and 0.9200 resistance.

Trend forecast: Bullish

The NZDUSD price hovers around the EMA50, noticing that the price lost its positive momentum on the intraday time frames, waiting to rebound bearishly to resume the main bearish trend within the bearish channel that appears on the chart, noting that the next main target reaches 0.5450$.

Holding below 0.5640$ is important to the continuation of the expected decline, as breaching it will lead the price to start bullish correction for the bearish wave that started from 0.6378$ areas.

The expected trading range for today is between 0.5550$ support and 0.5650$ resistance

Trend forecast: Overall bearish

The AUDUSD price fluctuates at the EMA50 that forms good resistance against the price, waiting to surpass this barrier at 0.6195$ to confirm the continuation of the rise and test the bearish channel’s resistance line around 0.6255$, to continue suggesting the bullish trend for today, noting that breaking 0.6180$ will stop the bearish wave and lead the price to resume the main bearish trend again.

The expected trading range for today is between 0.6150$ support and 0.6250$ resistance

Trend forecast: Bullish temporarily