Soybean Price Analysis

Expected Scenario

• Soybean price provided new negative trades yesterday, nearing the intraday bullish channel’s support line.
• Further decline is expected to visit 1131.40$, representing the next main target.
• The bearish trend is suggested for the intraday and short-term basis, supported by negative pressure from the EMA50.
• Continued holding below 1193.10$ is a major condition for the expected decline to continue.

Expected Trading Range

Between 1131.00$ support and 1170.00$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF price's recent trades are confined within an ascending triangle pattern.
• To resume the main bullish trend, the price needs to surpass 0.9150, which would provide a positive motive to push the price higher.
• The next targets for the bullish trend are located at 0.9200 and extend to 0.9305 after surpassing the previous level.
• The EMA50 continues to support the suggested bullish wave, which remains valid as long as the price remains stable above 0.9045.

Expected Trading Range

Between 0.9070 support and 0.9200 resistance.

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price has initiated positive trades at today's open, aiming to test the key resistance at 0.5915$, influenced by RSI positivity.
• To maintain the validity of the bearish trend scenario, the price needs to hold below this level, with the next target located at 0.5840$.
• As of now, the bearish trend scenario remains valid and active as long as the 0.5915$ level remains intact.

Expected Trading Range

Between 0.5850$ support and 0.5950$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price has initiated positive trades at today's open, aiming to breach the 0.6410$ level, influenced by stochastic positivity.
• However, we will rely on yesterday's close below this level to continue suggesting a bearish trend for the upcoming period, primarily targeting 0.6340$ areas.
• Therefore, we anticipate negative trades in the upcoming period, with consolidation above 0.6410$ potentially leading to an intraday bullish wave, targeting the next main level at 0.6500$.

Expected Trading Range

Between 0.6360$ support and 0.6460$ resistance.