Soybean price managed to achieve our waited target at 1028.80$ and found solid support there, accompanied by witnessing clear positive signals through stochastic, which supports the chances of bouncing bullishly and attempt to build bullish wave on the intraday basis, on its way to visit 1053.00$ followed by 1071.20$ levels mainly.
Therefore, the bullish bias will be expected for today, noting that breaking 1028.80$ will push the price to suffer additional losses that target 1010.00$ as a next station.
The expected trading range for today is between 1020.00$ support and 1060.00$ resistance.
Trend forecast: Bullish
Corn price keeps declining to approach our waited target at 425.30$, noticing that the price completed forming double top pattern that we expect to push the price to break the mentioned level and achieve additional negative targets that extend to 416.30$.
Therefore, the bearish trend will remain suggested for the upcoming period, noting that breaching 434.30$ will stop the negative scenario and push the price to turn to rise.
The expected trading range for today is between 420.00$ support and 434.00$ resistance.
Trend forecast: Bearish
The USDCHF price returns to rise after testing 0.8543 level in the previous sessions, to resume the bullish trend on the intraday basis, on its way to achieve positive targets that start at 0.8600 and extend to 0.8673.
The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 0.8543 and holding with a daily close below it.
The expected trading range for today is between 0.8510 support and 0.8650 resistance.
Trend forecast: Bullish
The NZDUSD price opens today with clear negativity to approach our waited target at 0.6070$, and we suggest breaking this level to achieve additional negative targets that extend to 0.6000$ on the near-term basis.
Therefore, the bearish trend will remain valid for the upcoming period, noting that breaching 0.6140$ will stop the current bearish wave and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.6030$ support and 0.6130$ resistance
Trend forecast: Bearish