WLD (WLDUSD) price declined in its latest intraday trading, under continued negative pressure from trading below its 50-day SMA, which acts as dynamic resistance limiting recovery attempts. The price also moves along a minor downward trend line on the short term, while the Stochastic indicators have reached strongly overbought levels with a negative crossover beginning to appear.

Therefore, we expect the currency to retreat in its upcoming intraday trading, as long as the resistance level of 0.91985453 holds, to then target the key support level of 0.84500646 in preparation to break it.

Todays price forecast: Bearish.