Corn price provided negative trades yesterday to test the minor support 533.50, noticing that stochastic begins to provide positive signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 570.40 as a next main station.

Therefore, we will keep our bullish overview conditioned by the price stability above 531.00.

The expected trading range for today is between 532.00 support and 543.00 resistance.

The expected trend for today: Bullish

The USDCHF pair’s recent trades are confined within minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 0.9395 to activate the positive effect of this pattern followed by rallying towards our main waited target at 0.9494.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 0.9375.

The expected trading range for today is between 0.9350 support and 0.9470 resistance.

The expected trend for today: Bullish

The NZDUSD pair opens today’s trading with clear positivity to surpass 0.7000 and head towards potential turn to the trend upwards, to stay neutral temporarily until we get clearer signal for the next trend, as the price faces contradiction between the technical indicators.

Note that consolidating above the mentioned level will push the price to test 0.7095 level initially, while breaking 0.7000 and trading below it again represents the key to return to the bearish track that its next target located at 0.6895.

The expected trading range for today is between 0.6960 support and 0.7070 resistance

The expected trend for today: Neutral

The AUDUSD pair attempts to breach 0.7650 level now, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested correctional bearish scenario and lead the price to regain the main bullish trend again, to head towards testing 0.7765 initially.

Therefore, we prefer to stay neutral until the price confirms its situation according to the mentioned level, noting that consolidating below it and breaking 0.7615 will press on the price to decline again and head towards 0.7500 as a next negative target.

The expected trading range for today is between 0.7590 support and 0.7700 resistance

The expected trend for today: Neutral