Corn Price Analysis

Expected Scenario

• Corn price tested the key resistance 449.20$ and kept its stability below it, to keep the bearish trend scenario active, affected by the previously completed double top pattern, waiting to visit 433.50$ as a next main target.
• The EMA50 supports the expected bearish trend, reminding you that it is important to hold below 449.20$ to achieve the waited targets.

Expected Trading Range

Between 437.00$ support and 449.00$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF price succeeded to achieve our waited target at 38.2% Fibonacci and found good support there, to show some slight bullish bias, while we suggest breaking this level at 0.8885 to open the way to achieve more bearish correction, as the price is affected by the previously completed double top pattern, which has additional negative targets that extend to 0.8780.
• Therefore, the bearish trend will remain suggested, noting that failing to break 0.8885 will lead the price to achieve intraday gains and test 0.9014 before any new attempt to decline.

Expected Trading Range

Between 0.8830 support and 0.8980 resistance

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price returns to rise by today’s open after the decline that it witnessed in the previous sessions, to keep the bullish trend scenario active for the upcoming period, which targets 0.6228$ initially, reminding you that breaching it will extend the bullish wave to reach 0.6280$.
• The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 0.6140$ and holding below it.

Expected Trading Range

Between 0.6140$ support and 0.6240$ resistance

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price faced negative pressure yesterday to test the key support 0.6640$, and kept its stability above it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 0.6728$ level as a first station.
• Therefore, our bullish overview will remain valid and active unless breaking 0.6640$ and holding below it.

Expected Trading Range

Between 0.6610$ support and 0.6710$ resistance