Soybean price keeps achieving the negative targets – Forecast today - 13-08-2024

Corn price traded positively yesterday to test the resistance line that appears on the chart, noticing that stochastic lost its positive momentum and approaches to provide negative overlapping signal now, waiting to motivate the price to resume the expected bearish wave on the intraday and short-term basis, which targets 380.00$ followed by 362.00$ levels as next main stations.

The USDCHF price attempted to breach 0.8670 level but it finds difficulty to hold above it, noticing that stochastic gets rid of its negative momentum to reach the oversold areas again, waiting to assist to push the price to rise and surpass the mentioned level followed by rallying towards our next target at 0.8780.

The NZDUSD price shows bullish bias now in attempt to resume the intraday bullish trend, and the way is open to achieve our waited target at 0.6070$, noting that breaching this level will extend the bullish wave to reach 0.6140$.