Brent crude oil extended its recent gains during intraday trading but encountered resistance at EMA50, which halted the gains, accompanied by testing the resistance of minor bearish trend line on the short-term basis, limiting further upside potential.

The USDCHF pair declined during recent intraday trading after failing to break the 0.8000 resistance level, which had previously been our price target. Despite the current pullback, the broader short-term trend remains upward, with the pair still supported by ascending trendlines and trading above EMA50, which continues to provide dynamic support.

The pair is attempting to regain positive momentum, suggesting potential for renewed upside in the near term. Relative strength indicators also support the possibility of recovery following prior oversold conditions.

The NZDUSD pair remains under strong bearish pressure during recent intraday trading, preparing to break the key support level at 0.5785, which had previously been our downside target. This negative performance comes amid continued pressure from trading below EMA50, reinforcing the dominance of the short-term downtrend.

The pair is also moving along a steep descending trendline, reflecting the strength of the bearish momentum, alongside renewed negative signals from relative strength indicators.

AUDUSD declined during recent intraday trading, preparing to break the support at 0.7000, this support was an expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, positive signals begin to emerge from the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.