Sugar price succeeded to achieve our waited target at 19.82$ and breached it strongly to settle above it, confirming opening the way to achieve more expected gains in the upcoming period, reminding you that our next targets begin at 20.55$ and extend to 21.35$.

Therefore, the bullish trend scenario will remain dominant on the intraday basis, noting that breaking 19.82$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 19.90$ support and 20.70$ resistance

Trend forecast: Bullish

The USDCHF price shows more bullish bias to approach 0.9014 level, reminding you that this level is important to detect the next trend, which urges caution from the upcoming trading.

We prefer to stay aside until we get clearer signal for the next trend, noting that the continuation of the rise and breaching 0.9014 will push the price to achieve new positive targets that reach 0.9200, while breaking 0.8950 represents negative factor that will push the price to test the key support 0.8885 initially.

The expected trading range for today is between 0.8930 support and 0.9070 resistance.

Trend forecast: Neutral

The NZDUSD price’s rise stopped around 0.6100$ barrier, to rebound bearishly and start to attack 0.6070$ level, which pushes the price to turn to decline and head to achieve negative targets that reach 0.6000$.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that failing to confirm breaking 0.6070$ will lead the price to start new recovery attempts on the intraday basis.

The expected trading range for today is between 0.6015$ support and 0.6110$ resistance

Trend forecast: Bearish

The AUDUSD price begins today with clear negativity to break 0.6640$ and attempts to hold below it, to hint heading to decline in the upcoming sessions, targeting 0.6570$ mainly.

Therefore, the bearish bias will be suggested for today, noting that breaching 0.6640$ and holding above it again will reactivate the bullish wave scenario that its next target reaches 0.6728$.

The expected trading range for today is between 0.6570$ support and 0.6770$ resistance

Trend forecast: Bearish