Soybean price opens today’s trading with clear positivity to breach the intraday bearish trend line that appears on the chart and heads towards building expected bullish wave in the upcoming sessions, on its way to visit 1028.80$ areas as a next main station.

Therefore, the bullish bias will be expected for today, noting that breaking 993.50$ will stop the expected rise and push the price to decline again.

The expected trading range for today is between 990.00$ support and 1020.00$ resistance.

Trend forecast: Bullish

The USDCHF price traded negatively yesterday to break 0.8645 and settle below it, to fall under expected negative pressure in the upcoming sessions and head towards targeting 0.8543 areas on the near-term basis.

Therefore, the bearish bias will be suggested for today, noting that breaching 0.8673 will stop the expected decline and lead the price to recover again.

The expected trading range for today is between 0.8560 support and 0.8690 resistance.

Trend forecast: Bearish

The NZDUSD price provide negative trades yesterday, to support the expectations of continuing the decline on the intraday basis, as we are waiting to test 0.5915$ that represents our next target.

The EMA50 forms continuous negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 0.6000$ and holding above it.

The expected trading range for today is between 0.5920$ support and 0.6010$ resistance

Trend forecast: Bearish

The AUDUSD price is testing the bearish channel’s resistance line that appears on the chart, accompanied by stochastic loss to the positive momentum and reach the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.6500$ as a next station.

We should note that breaching 0.6585$ will stop the expected decline and lead the price to start bullish correction that its first target located at 0.6630$.

The expected trading range for today is between 0.6520$ support and 0.6620$ resistance

Trend forecast: Bearish