Corn price continued to decline to touch 470.60 level, starting today with new negativity to support the chances of surpassing this level and open the way to continue the decline on the intraday basis, reminding you that our next target is located at 462.00.

Therefore, the bearish trend scenario will remain active, supported by the negative pressure formed by the EMA50, noting that breaching 476.00 will turn the intraday to rise to head towards testing 481.30 before determining the next trend clearly.

The expected trading range for today is between 465.00 support and 475.00 resistance.

The expected trend for today: Bearish

The USDCHF pair resumed its negative trading to move away from 0.8810, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our next main target at 0.8710.

The negative effect of the double top pattern still active and supports the continuation of the expected bearish trend scenario, which will remain valid conditioned by the price stability below 0.8810.

The expected trading range for today is between 0.8700 support and 0.8810 resistance.

The expected trend for today: Bearish

The NZDUSD pair opened today’s trading with strong rise to surpass our waited target at 0.6140 and reach the new target at 0.6205, paving the way to continue the rise on the intraday and short-term basis, to head towards visiting 0.6288 areas as a next main station.

Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that it is important to hold above 0.6140 to continue the expected rise.

The expected trading range for today is between 0.6140 support and 0.6250 resistance

The expected trend for today: Bullish

The AUDUSD pair succeeded to reach the second target at 0.6660, facing solid resistance there, and we suggest surpassing this level to achieve additional gains that extend to 0.6700 followed by 0.6780 on the near-term basis.

Therefore, the bullish trend scenario will remain active for the upcoming period, noting that failing to breach 0.6660 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6600 support and 0.6710 resistance

The expected trend for today: Bullish