Soybean Price Analysis

Expected Scenario

Soybean price is currently showing negative trades, attempting to move away from the $1193.10 level. This reinforces the expectations of continuing the bearish trend in the upcoming sessions. Our awaited targets begin at $1164.00 and extend to $1131.40.

The EMA50 forms negative pressure, supporting the suggested negative scenario, which will remain valid unless the price rallies to breach $1193.10 and holds with a daily close above it.

Expected Trading Range

Between the support at $1160.00 and the resistance at $1200.00

USDCHF Price Analysis

Expected Scenario

The recent trades of the USDCHF pair are confined within a minor bearish channel, which we believe forms a bullish flag pattern. Breaching 0.9055 will activate the positive effect of this pattern, pushing the price to resume the main bullish trend, with the next target at 0.9200.

Therefore, we continue to suggest a bullish trend for the upcoming period, organized within the main bullish channel. Holding above 0.8975 is a major condition for the continuation of the bullish wave.

Expected Trading Range

Between the support at 0.8990 and the resistance at 0.9130

NZDUSD Price Analysis

Expected Scenario

The NZDUSD price shows calm positive trades, gradually approaching the awaited target at 0.6070$. We suggest the continuation of the bullish bias to achieve additional gains surpassing the mentioned level, targeting 0.6140$ on a near-term basis.

Therefore, the bullish trend will likely remain valid, supported by moving above the EMA50. It's important to note that breaking below 0.6000$ may halt the expected rise and push the price lower.

Expected Trading Range

Between the support at 0.5990$ and the resistance at 0.6095$

AUDUSD Price Analysis

Expected Scenario

The AUDUSD price traded positively, moving away from the 0.6570$ level and reinforcing expectations of continuing the bullish trend. The way is open to achieve the awaited target at 0.6640$, with the potential to extend the bullish wave to reach 0.6728$ as a next positive station upon breaching this level.

The EMA50 continues to support the suggested bullish wave, which will remain valid as long as the price stays above 0.6570$.

Expected Trading Range

Between the support at 0.6560$ and the resistance at 0.6660$