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Corn price breaks the support – Analysis - 17-08-2022
Corn price faced negative pressure in the previous sessions to break 622.40 level and settles below it, to stop the recently suggested positive scenario and heads to achieve expected decline on the intraday basis, targeting visiting 590.00 followed by 575.00 levels mainly.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price managed to breach 622.40 and hold above it again.
The expected trading range for today is between 595.00 support and 622.40 resistance.
The expected trend for today: Bearish
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The USDCHF approaches the target – Analysis - 17-08-2022
The USDCHF pair provided more bullish bias to approach our waited target at 0.9530, and it is important to monitor the price at this level, as breaching it will lead the price to achieve additional gains that reach 0.9630.
MoreThe NZDUSD tests the resistance – Analysis - 17-08-2022
The NZDUSD pair showed sudden rise by today’s open to test 0.6380 level, but it bounced bearishly again, to keep the bearish trend scenario active for the upcoming period, waiting to surpass 0.6320 to head towards 0.6260 that represents our next target.
MoreThe AUDUSD reaches the target – Analysis - 17-08-2022
The AUDUSD pair resumes its negative trading by today’s open to reach the thresholds of 0.6980 level, and we expect the continuation of the negative pressure to break this level and open the way to visit 0.6960 followed by 0.6910 levels as next negative stations.
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