Soybean price managed to break 1402.00 and hold below it, which supports the continuation of our bearish overview, paving the way to head towards our first waited negative target at 1375.00, noting that surpassing this level will push the price to 1304.00 as a next main station.

On the other hand, we should note that the continuation of the bearish wave depends on the price stability below 1420.00 and the most important below 1454.70.

The expected trading range for today is between 1375.00 support and 1410.00 resistance.

The expected trend for today: Bearish

Corn price crawls upwards calmly to move away from the EMA50, which support the continuation of the expected bullish trend for the upcoming period, targeting 570.40 level as a next main station.

Stochastic current negativity might cause some sideways fluctuation before resuming the positive attempts, noting that it is important to hold above 541.00 to continue the expected rise.

The expected trading range for today is between 545.00 support and 560.00 resistance.

The expected trend for today: Bullish

The USDCHF pair provided new negative trades to move away from 0.9320 level, reinforcing the expectations of continuing the bearish trend, affected by the head and shoulders’ pattern that appears on the chart, besides the negative pressure formed by the EMA50, waiting to visit 0.9210 as a next main target.

We remind you that the continuation of the bearish wave depends on the price stability below 0.9350.

The expected trading range for today is between 0.9230 support and 0.9350 resistance.

The expected trend for today: Bearish

The NZDUSD pair succeeded to break the rising wedge’s support line mentioned yesterday and settled below it, to activate the negative effect of this pattern, waiting for more decline to break 0.7000 and confirm opening the way to head towards 0.6895 that represents our next negative target.

Therefore, the bearish trend scenario will remain valid and active for the upcoming sessions unless the price rallied to breach 0.7095 and hold above it.

The expected trading range for today is between 0.6950 support and 0.7070 resistance

The expected trend for today: Bearish