Corn price shows new positive trades by today’s open, motivated by stochastic positivity, which supports the continuation of the expected bullish trend on the intraday and short-term basis, which its targets begin by testing 509.50 level.

The EMA50 continues to support the suggested bullish wave, which its targets extend to 517.60 after surpassing the previous level, noting that breaking 496.00 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 497.00 support and 510.00 resistance.

The expected trend for today: Bullish

The USDCHF pair couldn’t manage to hold for long time above 0.9066, to resume the correctional bearish track and return to the bearish channel that appears on the chart, which pushes the price to achieve negative targets that start at 0.8968 and extend to 0.8890 after breaking the previous level.

Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50 unless the price rallied to breach 0.9066 and hold above it.

The expected trading range for today is between 0.8940 support and 0.9090 resistance.

The expected trend for today: Bearish

The NZDUSD pair managed to achieve our first waited negative target at 0.5900, noticing that the price found solid support there, to start bouncing bullishly and attempt to build bullish wave on the intraday basis, expecting to target 0.6020 areas mainly.

Therefore, the bullish bias will be expected for today, supported by stochastic positivity that appears clearly on the four hours’ time frame, noting that the continuation of the bullish wave depends on the price stability above 0.5900.

The expected trading range for today is between 0.5880 support and 0.5970 resistance

The expected trend for today: Bullish

The AUDUSD pair succeeded to touch our first waited target at 0.6285, noticing that the decline stopped at this level, to start providing recovery signals on the intraday basis, accompanied by witnessing clear positive signals through stochastic, making the bullish bias suggested for today, waiting to test 0.6400 initially.

Note that breaching the targeted level will extend the bullish wave to reach 0.6490 followed by 0.6545 areas as next positive targets, while breaking 0.6285 will stop the expected rise and push the price to resume the main bearish track again.

The expected trading range for today is between 0.6280 support and 0.6380 resistance

The expected trend for today: Bullish