Brent crude oil rose in its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price action, as a signal for losing this bullish momentum quickly after offloading some previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and the dominance of the main bearish trend on the short-term basis.

The USDCHF pair settles with sharp losses in its last intraday trading, affected by the negative pressure that comes from its trading below EMA50, which represents dynamic resistance that prevents the chances of full recovery in the near period, dominated by bearish corrective wave on the short-term basis. The price settled with the beginning of the positive signals from the relative strength indicators, after reaching oversold levels, which might help the price to achieve some bullish rebounds, which targets offloading these oversold conditions.

(NZDUSD) rose slightly in its recent intraday trading, to confirm breaching a main bearish trend line on the short-term basis, benefiting from the dynamic support that is represented by its trading above EMA50, which reinforces the chances of extending these gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators, despite its stability in overbought levels.

(AUDUSD) rose in its latest intraday trading, breaching the key resistance at 0.6925, taking advantage of the positive signals’ emergence from the relative strength indicators, with a dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains in the upcoming near period, on the other hand, the main bearish trend remains dominant on the short-term basis, with the trading alongside minor trend line that supports this path.