Corn price leaned on the intraday bullish trend line and bounced upwards to breach 634.80 and settles above it, to reactivate the positive scenario on the intraday basis and open the way to head to test 652.10 level as a next station.

Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, noting that breaking 634.80 followed by 628.20 levels will stop the suggested rise and press on the price to return to the correctional bearish track again.

The expected trading range for today is between 632.00 support and 646.00 resistance.

The expected trend for today: Bullish

The USDCHF pair bounced upwards clearly to test the key resistance 0.8940 and settles around it, noticing that stochastic lost its positive momentum to show clear negative signals now, while the EMA50 continues to press negatively on the price.

Therefore, we believe that the chances valid to resume the main bearish trend, which its next target located at 0.8840, while breaching 0.8940 represents the key to achieve additional gains that reach 0.9070.

The expected trading range for today is between 0.8860 support and 0.9000 resistance.

The expected trend for today: Bearish

The NZDUSD pair declined strongly in the previous sessions after failing to consolidate above 0.6290 level, to hint the attempt to return to the correctional bearish track again, but it faces solid base at the bullish channel’s support line that appears on the chart, accompanied by witnessing positive signals through stochastic.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaking 0.6200 will press on the price to achieve additional decline that targets 0.6140 areas initially, while consolidating above it represents the key to resume the bullish wave that its targets begin by testing 0.6290 again.

The expected trading range for today is between 0.6140 support and 0.6270 resistance

The expected trend for today: Neutral

The AUDUSD pair couldn’t manage to hold above 0.6780 level, to rebound downwards strongly and approach the key support 0.6665, to fall under expected negative pressure in the upcoming sessions, noting that breaking the last level will push the price to suffer additional losses that reach 0.6550.

Therefore, the bearish bias will be expected on the intraday basis, noting that consolidating above 0.6705 areas and rallying to breach 0.6780 will stop the negative scenario and lead the price to resume the bullish wave on the intraday basis.

The expected trading range for today is between 0.6650 support and 0.6760 resistance

The expected trend for today: Bearish