Soybean price found solid resistance at 1311.70, to rebound bearishly and test the EMA50 that forms good support against the price, waiting to resume the positive trades to surpass the mentioned level and open the way to achieve new positive targets that start at 1328.50 and extend to 1348.30.

Stochastic current positivity supports the expectations to rise in the upcoming sessions, which will remain valid unless breaking 1290.00 and holding below it.

The expected trading range for today is between 1285.00 support and 1325.00 resistance.

The expected trend for today: Bullish

Corn price shows new positive trades by today’s open, motivated by stochastic positivity, which supports the continuation of the expected bullish trend on the intraday and short-term basis, which its targets begin by testing 509.50 level.

The EMA50 continues to support the suggested bullish wave, which its targets extend to 517.60 after surpassing the previous level, noting that breaking 496.00 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 497.00 support and 510.00 resistance.

The expected trend for today: Bullish

The USDCHF pair couldn’t manage to hold for long time above 0.9066, to resume the correctional bearish track and return to the bearish channel that appears on the chart, which pushes the price to achieve negative targets that start at 0.8968 and extend to 0.8890 after breaking the previous level.

Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50 unless the price rallied to breach 0.9066 and hold above it.

The expected trading range for today is between 0.8940 support and 0.9090 resistance.

The expected trend for today: Bearish

The NZDUSD pair managed to achieve our first waited negative target at 0.5900, noticing that the price found solid support there, to start bouncing bullishly and attempt to build bullish wave on the intraday basis, expecting to target 0.6020 areas mainly.

Therefore, the bullish bias will be expected for today, supported by stochastic positivity that appears clearly on the four hours’ time frame, noting that the continuation of the bullish wave depends on the price stability above 0.5900.

The expected trading range for today is between 0.5880 support and 0.5970 resistance

The expected trend for today: Bullish