Sugar price provided additional negative trades yesterday to approach our waited target at 20.08$, moving inside the bearish channel that supports the chances of surpassing the mentioned level to open the way to head towards 19.60$ as a next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 21.00$.

The expected trading range for today is between 19.80$ support and 20.70$ resistance

Trend forecast: Bearish

Corn price rallied upwards strongly yesterday to surpass our waited target at 445.40$ and settle above it, opening the way to achieve more expected gains in the upcoming period, noting that the next target reaches 463.30$.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which will remain valid conditioned by the price stability above 445.40$.

The expected trading range for today is between 445.00$ support and 457.00$ resistance.

Trend forecast: Bullish

The USDCHF price bounced upwards clearly yesterday to breach 0.8805 level and settle above it, to stop the recently suggested negative scenario and head towards recovering in the upcoming sessions, on its way to visit 0.8883 initially.

Therefore, the bullish bias will be expected for today, taking into consideration that breaking 0.8778 will stop the expected rise and push the price to decline again.

The expected trading range for today is between 0.8770 support and 0.8900 resistance.

Trend forecast: Bullish

The NZDUSD price managed to touch 0.5800$ and finds solid support there, waiting to break this level to confirm the continuation of the bearish wave and head towards our next target that reaches 0.5740$.

Therefore, the bearish trend scenario will remain valid and active, noting that breaching 0.5860$ will push the price to achieve intraday gains and test 0.5935$ areas before any new attempt to decline.

The expected trading range for today is between 0.5750 support and 0.5850$ resistance

Trend forecast: Bearish