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Corn price leans on the channel’s support line – Analysis - 18-10-2023
Corn price leaned on the bullish channel’s support line that appears on the chart, starting today positively to move away from this level and heads towards resuming the expected bullish trend on the intraday and short-term basis, and we believe that the way is open to achieve our next main target at 509.50.
Therefore, the positive scenario will remain active, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 496.00.
The expected trading range for today is between 495.00 support and 510.00 resistance.
The expected trend for today: Bullish
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The USDCHF awaits more decline – Analysis - 18-10-2023
The USDCHF pair provided temporary positive trades yesterday, and returns to decline to approach our waited target at 0.8968, noting that we suggest breaking this level to achieve additional negative targets that reach 0.8890.
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The NZDUSD pair faced negative pressure yesterday and attempted to break 0.5900 level, but it begins today positively to trade above this level, which keeps the bullish trend scenario active for the upcoming period, reminding you that our waited target is located at 0.6020.
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The AUDUSD pair rises calmly, approaching gradually from our waited target at 0.6400, noting that surpassing this level will lead the price to continue the bullish wave and achieve additional gains that reach 0.6490 followed by 0.6545.
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