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Midday update for Soybean price 16-09-2020

Economies.com
2020-09-16 09:33AM UTC

Soybean price trades with clear positivity now to breach 993.40 and attempts to hold above it, which hints the price head to regain the main bullish trend, and the price needs to hold with a daily close above the mentioned level to confirm the continuation of the rise and stop the morning suggested negative scenario.

 

Therefore, we prefer staying aside now until the price confirms its situation according to 993.40 to detect the next destination clearly.

 

The expected trading range for today is between 980.00 support and 1000.00 resistance.

 

The expected trend for today: Neutral

Midday update for Corn price 16-09-2020

Economies.com
2020-09-16 09:32AM UTC

Corn price keeps its stability above 362.40 level, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, besides the positive signal provided by stochastic, waiting to resume the positive trading that its next targets located at 375.40 followed by 390.00.

 

The expected trading range for today is between 362.00 support and 375.00 resistance.

 

The expected trend for today: Bullish

Midday update for the NZDUSD 16-09-2020

Economies.com
2020-09-16 09:32AM UTC

The NZDUSD pair continues to rise gradually, on its way to visit 0.6788 level that represents our next main target, to keep our bullish overview in the upcoming sessions conditioned by the price stability above 0.6620, noting that the price completed forming double bottom pattern that motivates the price to achieve more expected rise on the intraday and short term basis.

 

The expected trading range for today is between 0.6680 support and 0.6800

 

The expected trend for today: Bullish

Midday update for the AUDUSD 16-09-2020

Economies.com
2020-09-16 09:32AM UTC

The AUDUSD pair shows calm positive trades to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by the EMA50, which targets 0.7413 level as a next main station, reminding you that it is important to hold above 0.7260 to continue the expected rise.

 

The expected trading range for today is between 0.7280 support and 0.7380

 

The expected trend for today: Bullish