Corn price provided calm positive trades yesterday to move above the bearish channel’s resistance, but the price still below 534.00, accompanied by witnessing continuous negative signals by stochastic, to keep our bearish overview that targets 504.00 followed by 480.00 levels mainly.

Note that breaching 534.00 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.

The expected trading range for today is between 515.00 support and 534.00 resistance.

The expected trend for today: Bearish

The USDCHF pair could not manage to hold for long time above 0.9265, to trade negatively and settles around the EMA50 now, noticing that stochastic provides positive signals that we expect to motivate the price to resume the positive attempts to breach the mentioned level and confirm resuming the bullish trend that its next target located at 0.9345.

Therefore, the bullish trend scenario will remain valid unless breaking 0.9200 and holding below it.

The expected trading range for today is between 0.9200 support and 0.9320 resistance.

The expected trend for today: Bullish

The NZDUSD pair provided additional positive trades to retest 0.7084 that was broken previously, as it keeps its stability below it until now, waiting to resume the correctional bearish wave that its next main target located at 0.6945.

Therefore, we will keep our bearish overview unless the price rallied to breach 0.7084 and hold above it.

The expected trading range for today is between 0.7000 support and 0.7100 resistance

The expected trend for today: Bearish

The AUDUSD pair surpassed the bearish channel’s resistance and settled above it, but we notice that stochastic shows clear negative signals on the four hours’ time frame, waiting to motivate the price to resume the main bearish trend that its targets begin by breaking 0.7225 to open the way to head towards 0.7100.

Note that the continuation of the bearish wave depends on the price stability below 0.7375, as breaching it will stop the negative scenario and lead the price to turn to rise.

The expected trading range for today is between 0.7225 support and 0.7350 resistance

The expected trend for today: Overall bearish