Soybean price keeps declining to reach the thresholds od the waited target at 1050.00$, and we expect the continuation of the bearish bias to achieve additional negative targets that extend to 1035.00$ followed by 1000.00$.

Holding below 1070.00$ represents key condition to the continuation of the expected decline, as breaching it will push the price to build bullish wave that targets testing the bearish channel’s resistance around 1100.00$ before any new attempt to decline.

The expected trading range for today is between 1030.00$ support and 1170.00$ resistance.

Trend forecast: Bearish

Corn price provided positive trades in the previous sessions to test the EMA50 that formed good resistance against the price, noticing that the price begins today with bearish bias, motivated by stochastic negativity, waiting for more expected decline in the upcoming sessions, and the targets begin by testing 393.5$ and extend to 380.00$ after breaking the previous level.

Therefore, the bearish trend will remain valid and active unless the price rallied to breach 410.00$ and holding above it.

The expected trading range for today is between 385.00$ support and 406.00$ resistance.

Trend forecast: Bearish

The USDCHF price returns to test the EMA50 that forms good resistance against the price, and the bearish trend still valid as long as 0.9014 remains intact, waiting to test 0.8885 as a next main target, which represents 38.2% Fibonacci correction level for the entire rise from 0.8332 to 0.9224, thus, breaking it will extend the bearish wave to reach 0.8780.

On the other hand, we should note that breaching 0.9014 will stop the correctional bearish scenario and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 0.8880 support and 0.9014 resistance.

Trend forecast: Bearish

The NZDUSD price is confined within sideways track between 0.6070$ support and 0.6140$ resistance, and the price needs to breach this resistance to confirm the continuation of the expected bullish wave on the intraday basis, which targets 0.6228$ areas as a next main station.

Therefore, the bullish trend will remain valid for the upcoming period, noting that breaking 0.6070$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6050$ support and 0.6150$ resistance

Trend forecast: Bullish