Soybean price succeeded to touch our waited target at 904.80 and begins to rebound bearishly from there, which hints the price head to resume the main bearish trend, and the price needs to break 893.90 to open the way to achieve more negative targets that begin at 876.30 and extend to 870.00.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 904.80 will push the price to achieve more bullish correction that its next target reaches 913.50.

The expected trading range for today is between 893.00 support and 904.00 resistance.

The expected trend for today: Bearish

Corn Price surpassed the bullish trend line, to open the way for additional decline that we expect to touch 380.10 level in the upcoming sessions, noting that this support represents the support line of the sideways range that confines the recent trades, to suggest bullish rebound after testing it to head towards the mentioned range’s resistance at 394.10.

In general, the sideways bias will remain dominant on the intraday trading until the price manages to surpass one of the above mentioned levels and detect its next targets clearly.

The expected trading range for today is between 378.00 support and 387.00 resistance.

The expected trend for today: Sideways

The USDCHF pair provides more bullish bias to crawl towards our waited target at 0.9836, as it gets positive support by the EMA50, noting that breaching the mentioned level will extend the bullish wave towards 0.9945 as a next positive station.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless we witnessed clear break and holding below 0.9712.

The expected trading range for today is between 0.9750 support and 0.9870 resistance.

The expected trend for today: Bullish

The NZDUSD pair shows more bearish bias to approach our waited target at 0.6414, reminding you that breaking this level will push the price to visit 0.6333 as a next negative station, as the price continues to move inside the bearish channel that appears on the chart, which supports the continuation of the bearish wave in the upcoming period.

On the other hand, we should note that breaching 0.6480 will stop the expected decline and leads the price to start attempts to regain the main bullish trend.

The expected trading range for today is between 0.6380 support and 0.6480

The expected trend for today: Bearish