Brent crude oil rose in recent intraday trading, with the beginning of positive signals emergence of the relative strength indicators after reaching oversold levels, amid its trading alongside minor bearish trend line on the short-term basis, which reduces the chances of sustainable recovery in the upcoming near period, especially if it failed in breaching its key and near resistance levels.

USDCHF kept rising in recent intraday trading, affected by breaching the key resistance at 0.7920, which was our expected target in previous analysis, amid the dominance of the main bullish trend on short-term basis, with its trading alongside main and minor trend lines for this path, with the continuation of the positive pressure that comes from its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.

The NZDUSD pair declined in recent intraday trading, as a steep short-term bearish wave continues to dominate price action. The pair is still moving along a descending trendline, while trading below the EMA50, which increases downside pressure and reinforces the bearish outlook.

On the other hand, relative strength indicators have begun to show a bullish crossover after reaching deeply oversold levels. This may help slow further losses and trigger limited corrective rebounds as the pair works off oversold conditions.

AUDUSD settles with series of consecutive losses in recent intraday trading, after reaching our expected target at 0.7040 support, witnessing some fluctuating moves to attempt to recover some of its losses, at the same time, the price is attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, affected by surpassing bullish channel’s range that limited its short-term trading.