Corn price bounced downwards strongly after testing the bullish channel’s resistance that appears on the chart, to reach the thresholds of this channel’s support, and according to the trading rules inside the channels, the price is on its way to resume the bullish trend within the mentioned channel, to head towards achieving gains that start by visiting 513.30 areas.

Therefore, the bullish bias will be expected for today, supported by the positivity of the technical indicators, noting that breaking 499.30 will stop the suggested rise and push the price to turn to decline.

The expected trading range for today is between 497.00 support and 513.00 resistance.

The expected trend for today: Bullish

The USDCHF pair shows positive trades by today’s open to head towards potential test to the correctional bearish channel’s resistance, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 0.8885.

We remind you that breaking the targeted level will extend the bearish wave to reach 0.8810, while the expected decline will remain valid conditioned by the price stability below 0.8968.

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

The expected trend for today: Bearish

The NZDUSD pair surpassed 0.5830 level to confirm the continuation of the bearish trend domination in the upcoming sessions, opening the way to head towards our next negative station at 0.5750.

Therefore, our bearish overview will remain valid, supported by the negative pressure formed by the EMA50, noting that breaching 0.5900 will stop the negative scenario and lead the price to recover again.

The expected trading range for today is between 0.5760 support and 0.5860 resistance

The expected trend for today: Bearish

The AUDUSD pair settles around 0.6300 level, facing continuous negative pressure formed by the EMA50, waiting to resume the expected bearish trend on the intraday and short-term basis, which its next target located at 0.6200.

Stochastic continues to lose the positive momentum to support the continuation of the expected decline, which will remain valid conditioned by the price stability below 0.6400.

The expected trading range for today is between 0.6250 support and 0.6350 resistance

The expected trend for today: Bearish