Corn price bounced downwards clearly after testing the bearish channel’s resistance in the previous sessions, which supports the continuation of the expected bearish trend on the intraday and short-term basis, reminding you that our next target is located at 450.00.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 471.60 and hold above it.

The expected trading range for today is between 460.00 support and 470.00 resistance.

The expected trend for today: Bearish

The USDCHF pair breached the bullish pennant’s resistance line clearly, to get positive motive that supports the chances of continuing the expected bullish trend for today, reminding you that our next main target reaches 0.8700.

Therefore, we will continue to suggest the bullish trend on the intraday basis, reminding you that it is important to hold above 0.8450 to the continuation of the expected rise.

The expected trading range for today is between 0.8430 support and 0.8600 resistance.

The expected trend for today: Bullish

The NZDUSD pair attempted to break 0.6227 but it couldn’t manage to hold below it, to provide positive trades and attempt to return to the bullish channel, but it faced solid resistance formed at the broken support of this channel, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend.

Note that breaking 0.6227 support will push the price to achieve more bearish correction and head towards 0.6140 as a next negative target, while breaching 0.6280 resistance represents the key to return to the bullish track and achieve gains that start by visiting the recently recorded high at 0.6368.

The expected trading range for today is between 0.6180 support and 0.6290 resistance

The expected trend for today: Neutral

The AUDUSD pair managed to touch our waited negative target at 0.6665 and bounced upwards from there, to settle above the bullish channel’s support line that appears on the chart, which hints heading to resume the bullish track within this channel, on its way to achieve positive targets that start at 0.6780 and extend to 0.6900 after surpassing the previous level.

Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 0.6665 will stop the expected rise and push the price to suffer more losses on the intraday basis.

The expected trading range for today is between 0.6660 support and 0.6765 resistance

The expected trend for today: Bullish