Midday update for Soybean price 17-12-2019

Corn Price shows some slight bearish bias now to approach potential test to 386.3 level, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which depends on the price stability above the mentioned level, while our next main target is located at 394.1.

The NZDUSD pair faced negative pressure this morning to test the key support 0.6565, and it keeps its stability above it until now, noticing that stochastic reaches the oversold areas, which forms positive motive that reinforce the expectations of resuming the main bullish trend, which its next target located at 0.6650, while achieving it requires holding above 0.6565.

The AUDUSD pair shows negative trading since morning to approach the EMA50, while the bullish trend still valid as long as the price is above 0.6670, waiting to get positive motive to push the price to head towards our next positive target at 0.7015.