Corn price finds difficulty to surpass 571.50 level, to show some bearish bias and approach testing the key support 559.00, accompanied by stochastic reach to the oversold areas.
Therefore, we believe that the chances valid to resume the bullish trend in the upcoming sessions, and the next target reaches 584.10, noting that breaking 559.00 will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 555.00 support and 575.00 resistance.
The expected trend for today: Bullish
The USDCHF pair could not manage to hold for long time above 0.9200, to trade negatively and settles below it, and it might head for additional decline affected by stochastic negativity.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9135 and holding below it, reminding you that our next main target is located at 0.9265.
The expected trading range for today is between 0.9130 support and 0.9240 resistance.
The expected trend for today: Bullish
The NZDUSD pair achieved some gains yesterday but it faces negative pressure formed by the EMA50, which forces the price to decline again, waiting to resume the bearish trend that its next main target located at 0.6810.
We should note that the continuation of the bearish wave depends on the price stability below 0.7015.
The expected trading range for today is between 0.6880 support and 0.6990 resistance
The expected trend for today: Bearish
The AUDUSD pair shows some bullish bias to approach testing 0.7375 level, accompanied by stochastic loss to the positive momentum clearly, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets 0.7230 level as a next station.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.7375.
The expected trading range for today is between 0.7280 support and 0.7400 resistance
The expected trend for today: Bearish