Corn Price Analysis

Expected Scenario

Corn price ended last Friday with strong positivity, as it breached 461.90$ and approached 474.70$ level, to head towards achieving more expected gains on the intraday basis, but we notice that the price placed second top that paves the way to form negative pattern that push the price to decline again, especially that stochastic shows clear negative signals now.

Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 461.90$ will confirm the domination of the negative factors that push the price to head towards 449.20$ direct, while breaching 474.70$ will cancel the mentioned negative formation and lead the price to achieve additional gains that reach 490.40$ areas.

Expected Trading Range

The expected trading range for today is between 460.00$ support and 475.00$ resistance.

USDCHF Price Analysis

Expected Scenario

The USDCHF price fluctuates within a sideways and tight range in the previous sessions, settling around the EMA50. We are waiting for positive momentum to push the price to resume the expected bullish wave for the upcoming period, with the next targets located at 0.9170 followed by 0.9225.

Breaching 0.9085 will ease the mission to rise, while breaking 0.9014 will stop the bullish trend and put the price under additional correctional bearish pressure.

Expected Trading Range

The expected trading range for today is between 0.9010 support and 0.9140 resistance.

NZDUSD Price Analysis

Expected Scenario

The NZDUSD price shows new negative trades, approaching the 0.5980$ level. This level forms the neckline of the double top pattern on the chart, indicating that breaking it will likely lead to a rally towards 0.5915$.

Therefore, we continue to suggest a bearish trend for the upcoming period, with the continuation of the bearish wave requiring holding below 0.6070$.

Expected Trading Range

The expected trading range for today is between 0.5940$ support and 0.6040$ resistance.

AUDUSD Price Analysis

Expected Scenario

The AUDUSD price shows some bearish bias by today’s open, heading towards testing the 0.6570$ level. Breaking this level confirms the continuation of the decline with the next target at 0.6500$ areas, indicating the dominance of the bearish trend on the intraday basis.

However, it's important to note that breaching 0.6640$ will stop the expected decline and lead to a reversal.

Expected Trading Range

The expected trading range for today is between 0.6535$ support and 0.6635$ resistance.