Brent Crude Oil kept rising during recent intraday trading, benefited from the dynamic support that comes from its trading above EMA50, preparing to reach the key resistance at $109.00, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, beside the emergence of the positive signals from the relative strength indicators, despite its stability in overbought levels.

The (USDCHF) maintained its recent intraday gains, supported by ongoing positive and dynamic pressure as the pair continues to trade above EMA50, reinforcing the dominance of a short-term bullish corrective wave, especially as price action continues to move alongside a supportive trendline.

In addition, relative strength indicators are beginning to show a bullish crossover after offloading some of the previous overbought conditions, opening the way for extending gains in the near term.

The NZDUSD remains under pressure after a series of consecutive losses during recent intraday trading. However, the pair is showing a limited rebound in an attempt to recover part of those losses, while also trying to ease some of the clear oversold conditions indicated by the relative strength indicators, especially with the emergence of positive signals.

This comes amid the dominance of a short-term bearish corrective wave and after the pair was affected by breaking a major upward trendline, alongside ongoing negative pressure caused by trading below EMA50, which continues to increase bearish pressure around the pair.

The (AUDUSD) declined during its recent intraday trading, with the pair breaking below the 0.7140 support level, which represented our latest downside target, amid the dominance of a steep short-term bearish corrective wave, alongside continued negative pressure resulting from trading below EMA50, which increases the bearish pressure surrounding the pair.

This negative outlook is reinforced by continued bearish signals from the relative strength indicators, despite their stability within heavily oversold territory.