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Midday update for Soybean price 02-03-2020
Soybean price approached 904.80 level and shows bearish bias now, and it might test the key support 893.90 before attempting to rise again.
In general, the correctional bullish scenario will remain active unless breaking 893.90 level and holding below it again, reminding you that breaching 904.80 will push the price to 913.50 as a next main station.
The expected trading range for today is between 890.00 support and 907.00 resistance.
The expected trend for today: Bullish
Midday update for Corn price 02-03-2020
Corn Price keeps its consolidation below 371.60, to start providing negative trades that hint the price head to resume the expected bearish trend for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to break 366.00 to rally towards 353.00 that represents our next main target.
In general, the bearish trend scenario will remain valid unless breaching 371.60 followed by 373.80 levels and holding above them.
The expected trading range for today is between 360.00 support and 374.00 resistance.
The expected trend for today: Bearish
Midday update for the NZDUSD 02-03-2020
The NZDUSD pair trades positively on its way for potential test to the key resistance 0.6324, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, as breaching this level will lead to achieve more bullish correction on the intraday and short term basis, while the price needs to break 0.6190 to confirm opening the way to head towards 0.6080 as a next negative target.
The expected trading range for today is between 0.6150 support and 0.6270
The expected trend for today: Bearish
Midday update for the AUDUSD 02-03-2020
The AUDUSD pair shows slight bullish bias to move around 0.6550, affected by stochastic positivity that might push the price to test the bearish channel’s resistance line.
But as long as the price is below 0.6635, our bearish overview will remain valid for the upcoming period, supported by the EMA50 that presses negatively on the price, reminding you that our main waited target reaches 0.6345.
The expected trading range for today is between 0.6450 support and 0.6570
The expected trend for today: Bearish