Soybean price shows additional bearish bias to surpass the EMA50, reinforcing the expectations of continuing the intraday bearish trend, which targets 1486.00 as a next negative station.

It is important to monitor the price when reaching the targeted level, as breaking it will press on the price to test 1470.00 as a next negative target, while the expected decline will remain valid unless the price rallied to breach 1537.60 and hold above it.

The expected trading range for today is between 1480.00 support and 1535.00 resistance.

The expected trend for today: Bearish

Corn price shows more bearish bias to press on the key support 673.50, which urges caution from the upcoming trading, as continuing the negative pressure and breaking this level will push the price to suffer new losses and head towards 652.10 areas on the near term basis.

Now, we prefer to stay aside until the price confirms its situation according to the mentioned support, noting that consolidating above it will lead the price to resume the bullish wave that targets 700.00 followed by 708.20 levels as next main stations.

The expected trading range for today is between 663.00 support and 680.00 resistance.

The expected trend for today: Neutral

The USDCHF pair fluctuates around 0.9160 since yesterday, falling under continuous negative pressure coming by the EMA50, waiting to motivate the price to resume the bearish wave that its next main target located at 0.9020.

Therefore, our bearish overview will remain active conditioned by the price stability below 0.9215 and 0.9260 levels.

The expected trading range for today is between 0.9080 support and 0.9215 resistance.

The expected trend for today: Bearish

The NZDUSD pair continued to decline yesterday to test the EMA50 that formed good support against the price, noticing that the price begins today with bullish bias to hint heading to resume the bullish trend, and the price needs to breach 0.6450 to reinforce the chances of continuing the rise and achieve positive targets that start at 0.6510 and extend to 0.6600.

Therefore, the bullish bias will be expected for today conditioned by the price stability above 0.6375.

The expected trading range for today is between 0.6375 support and 0.6490 resistance

The expected trend for today: Bullish