The USDCHF pair faced strong negative pressure yesterday to break 0.9265 and settles below it, to face contradicted factors that makes us prefer staying neutral until we get clearer signal for the next trend.

Note that breaching 0.9265 will reactivate the positive scenario that its next target located at 0.9345, while continuing the decline and breaking 0.9200 will press on the price to turn to decline, to head towards 0.9140 initially.

The expected trading range for today is between 0.9200 support and 0.9300 resistance.

The expected trend for today: Neutral

Wheat price managed to surpass our first waited target at 696.80 and holds below it, reinforcing the expectations of extending the correctional bearish wave, which targets 676.60 as a next main station.

The bearish channel supports the expectations to continue the bearish trend on the intraday and short term basis, noting that the expected decline requires holding below 696.80 and 704.50 levels.

The expected trading range for today is between 680.00 support and 700.00 resistance.

The expected trend for today: Bearish

The NZDUSD pair declined again after attempting to breach 0.7030 level yesterday, to touch our first waited target at 0.6990, and we expect to break this level to open the way to visit 0.6945 as a next correctional target.

Therefore, the negative scenario will remain dominant in the upcoming sessions unless the price rallied to breach 0.7084 and hold above it.

The expected trading range for today is between 0.6960 support and 0.7060 resistance

The expected trend for today: Bearish

The AUDUSD pair returned to test 0.7225 support line in attempt to break it, waiting to break this level to confirm rallying towards 0.7100 that represents our next main target.

The bearish channel organizes the suggested bearish wave, which will remain valid conditioned by the price stability below 0.7290.

The expected trading range for today is between 0.7180 support and 0.7290 resistance

The expected trend for today: Bearish