Soybean price settles above 876.30, thus, no change to the bullish trend scenario that depends on the price stability above this level, supported by stochastic positivity, reminding you that our first main target is located 893.90.
The expected trading range for today is between 875.00 support and 893.00 resistance.
The expected trend for today: Bullish
Corn Price keeps its stability above 373.90 level, to keep the bullish trend scenario active for today, and the price needs to surpass the EMA50 to confirm the continuation of the rise towards our positive targets that start at 380.10 and extend to 386.30 after surpassing the previous level, noting that breaking 373.80 and holding below it will put the price under the negative pressure again.
The expected trading range for today is between 370.00 support and 380.00 resistance.
The expected trend for today: Bullish
The NZDUSD pair returns to test the key resistance 0.6324, and as long as the price is below this level, our bearish overview will remain valid, which targets 0.6190 level initially, noting that breaching the mentioned resistance will push the price to achieve more bullish correction on the intraday basis.
The expected trading range for today is between 0.6190 support and 0.6360
The expected trend for today: Bearish
The AUDUSD pair hovers around the bearish channel’s resistance, falling under the negative pressure formed by the EMA50, to keep the bearish trend scenario valid as it is for today, depending on the price stability below 0.6670, reminding you that our first main target is located at 0.6430.
The expected trading range for today is between 0.6450 support and 0.6640
The expected trend for today: Bearish