Midday update for Corn price 10-02-2021

The NZDUSD pair provided negative trades to approach the EMA50, noting that stochastic gains the positive momentum to support the chances of resuming the expected bullish trend for today, which its next main target located at 0.7315, noting that the continuation of the bullish wave requires holding above 0.7200 and 0.7150 levels.

The AUDUSD pair shows some slight bearish bias, affected by stochastic negativity, waiting to get positive momentum to assist to push the price to continue the main bullish trend, which targets 0.7760 followed by 0.7820 levels mainly, reminding you holding above 0.7625 is important to continue the suggested rise.

Brent oil price resumes its positive trading to approach our waited target at 62.07, and we expect the extension of the bullish wave on the short term basis to reach 63.55 as a next station, reminding you that it is important to hold above 60.30 to achieve the suggested targets.