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Midday update for Soybean price 12-05-2021
Soybean price succeeded to achieve our waited target at 1600.00 and attempts to breach it, to support the chances of continuing the bullish trend on the short term and medium term basis, noting that the next station reaches 1630.00, while holding above 1573.30 represents key condition to continue the expected rise.
The expected trading range for today is between 1560.00 support and 1600.00 resistance.
The expected trend for today: Bullish
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Midday update for Corn price 12-05-2021
Corn price settles above the bullish channel’s support line, getting continuous support by the EMA50, thus, our bullish overview will remain valid for today, which depends on the price stability above 700.00 and 690.00 levels, while our next target is located at 730.00.
MoreMidday update for the NZDUSD 12-05-2021
The NZDUSD pair trades with clear negativity to test the EMA50 that forms good support against the price now, waiting to push trades to rise again and resume the bullish bias within the intraday bullish channel, to keep our bullish overview conditioned by the price stability above 0.7185, reminding you that we are waiting to visit 0.7400 as a next main target.
MoreMidday update for the AUDUSD 12-05-2021
The AUDUSD pair faces negative pressure to attack 0.7810 level and moves below it to head towards potential test to the most important support at 0.7765 before attempting to return to rise again.
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