Corn price succeeded to achieve our first waited target at 493.20, noticing that the price broke it and closed the daily candlestick below it, to support the chances of continuing the domination of the bearish correction and head towards 487.90 as a next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 498.50 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 485.00 support and 497.00 resistance.

The expected trend for today: Bearish

The USDCHF pair succeeded to touch our waited target at 0.8885 and found solid support there, to show some bullish bias and attempt to recover, but we notice that stochastic shows clear negative signals now, waiting to motivate the price to resume the correctional bearish trend, which its next target located at 0.8810.

Therefore, the bearish trend scenario will remain valid for the upcoming period unless the price rallied to breach 0.8968 and hold above it.

The expected trading range for today is between 0.8850 support and 0.8990 resistance.

The expected trend for today: Bearish

The NZDUSD pair is testing the EMA50 that forms good resistance against the price, waiting to rebound bearishly to resume the main bearish trend, which targets 0.5750 as a next negative station.

Holding below 0.5900 represents the most important condition to continue the expected decline, as breaching it represents the key to turn to rise and bullish wave that its next main target located at 0.6020.

The expected trading range for today is between 0.5800 support and 0.5900 resistance

The expected trend for today: Bearish

The AUDUSD pair keeps rising to reach 0.6400 resistance, waiting to rebound bearishly to resume the expected bearish trend on the intraday and short-term basis, noting that our first target is located at 0.6285.

On the other hand, we should note that breaching 0.6400 will stop the negative scenario and lead the price to achieve additional gains that reach 0.6500.

The expected trading range for today is between 0.6325 support and 0.6420 resistance

The expected trend for today: Overall bearish