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Soybean price tests the resistance – Analysis - 06-09-2023
Soybean price tested 1385.00 resistance line and keeps its stability below it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 1348.30.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1385.00 and holding above it.
The expected trading range for today is between 1355.00 support and 1390.00 resistance.
The expected trend for today: Bearish
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Corn price within tight track – Analysis - 06-09-2023
Corn price shows sideways and tight trades, settling around 490.00, thus, no change to the expected bearish trend on the intraday and short term basis, which gets continuous support by the EMA50, depending on the price stability below 509.50, reminding you that our next main target reaches 435.60.
MoreThe USDCHF hits the target – Analysis - 06-09-2023
The USDCHF pair succeeded to achieve our waited target at 0.8890 and settles around it, noticing that the price closed the daily candlestick above it, to support the chances of continuing the bullish bias and head to achieve additional gains that reach 0.8995.
MoreThe NZDUSD settles below the support – Analysis - 06-09-2023
The NZDUSD pair confirmed breaking 0.5900 level after closing the daily candlestick below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our waited targets begin at 0.5820 and extend to 0.5750.
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