Sugar Price Analysis

Expected Scenario

• The sugar price ended yesterday with clear negativity, as it broke the 18.90$ level and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting testing the 18.05$ level initially, noting that breaking this level will push the price towards 17.35$ as a next negative target.
• Therefore, the bearish bias will be suggested for the upcoming sessions unless breaching 18.90$ and holding above it again.

Expected Trading Range

Between 18.00$ support and 18.85$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF price didn’t show any strong move yesterday, as it moved within tight track around 0.8970 level, thus, no change to our neutrality, as we are waiting to breach 0.9014 resistance or break 0.8945 support to confirm the next destination clearly.
• The contradiction between the technical indicators provides another reason for neutrality, while the expected targets after the breach are explained in our previous report for the USDCHF pair.

Expected Trading Range

Between 0.8900 support and 0.9050 resistance.

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price showed slight rise yesterday to approach the key resistance 0.6140$, and begins to provide negative trades now, waiting to resume the expected bearish wave for the upcoming period, which targets testing 0.6070$ as a first station.
• The negative pressure formed by the EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 0.6140$ and hold with a daily close above it.

Expected Trading Range

Between 0.6060$ support and 0.6160$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price provided slight positive trades yesterday, noticing that stochastic lost its positive momentum clearly and begins to overlap negatively now, to support the chances of resuming the expected bearish trend on the intraday basis, which its targets begin by breaking 0.6570$ to open the way to head towards 0.6500$.
• The completion of the double top pattern that appears on the chart supports the chances of continuing the domination of the bearish trend in the upcoming sessions, which will remain valid conditioned by the price stability below 0.6640$.

Expected Trading Range

Between 0.6540$ support and 0.6625$ resistance.