Soybean price resumed its negative trading clearly to reach 1200.00 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that we are waiting to test 1193.00 initially, which breaking it represents the key to head towards 1180.00 followed by 1155.00 levels as next negative stations.

Therefore, the bearish trend scenario will remain valid and active unless breaching 1228.00 and holding above it.

The expected trading range for today is between 1185.00 support and 1215.00 resistance.

The expected trend for today: Bearish

Corn price attempted to breach 452.50 level but it bounced bearishly to keep its stability below it, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that our waited target reaches 440.00.

On the other hand, we should note that breaching 451.50 will lead the price to recover and head to test the bearish channel’s resistance around 461.30 before any new attempt to decline.

The expected trading range for today is between 440.00 support and 453.00 resistance.

The expected trend for today: Bearish

The USDCHF pair traded with clear positivity yesterday to approach our waited target at 0.8700, showing some slight bearish bias affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to resume the bullish wave and head towards 0.8740 as a next positive station.

On the other hand, we should note that breaking 0.8565 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.8580 support and 0.8720 resistance.

The expected trend for today: Bullish

The NZDUSD pair traded with clear negativity yesterday and approached our waited target at 0.6070, and rebounds bullishly to test the key resistance 0.6140, noting that holding below this level keeps our bearish overview valid, noting that surpassing the mentioned target will extend the bearish wave to reach 0.6000 as a next negative target.

The EMA50 supports the continuation of the expected bearish trend, while breaching 0.6140 represents positive factor that will lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 0.6060 support and 0.6160 resistance

The expected trend for today: Bearish