Soybean price tested 1527.20 level and kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity, waiting to test 1500.00 level initially.
On the other hand, we should note that breaching 1527.20 and holding above it will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1500.00 support and 1535.00 resistance.
The expected trend for today: Bearish
Corn price breached 683.60 level strongly and settled above it, to regain the main bullish track and head towards achieving gains that start at 700.00 and extend to 730.00, supported by the EMA50.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 677.50 followed by 667.00 levels and holding below them.
The expected trading range for today is between 680.00 support and 710.00 resistance.
The expected trend for today: Bullish
The USDCHF pair provided new positive trades and attempted to breach 0.9140 level, but it returns to settle below it, which keep the bearish trend scenario active until now, and the price needs to break 0.9100 to confirm heading towards our negative targets that start at 0.9065 followed by 0.8990.
Note that surpassing 0.9140 followed by 0.9160 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.9065 support and 0.9160 resistance.
The expected trend for today: Bearish
The NZDUSD pair touched the bullish channel’s support line that appears on the chart and bounced upwards clearly from there, accompanied by witnessing positive signals through stochastic, which lead the price to recover and achieve expected gains in the upcoming sessions, targeting visiting 0.7200 followed by 0.7325 levels as next main targets.
Therefore, the bullish bias will be expected for today unless breaking 0.7130 and holding below it.
The expected trading range for today is between 0.7130 support and 0.7220 resistance
The expected trend for today: Bullish