Brent crude oil price declined during its latest intraday sessions, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of the sustainable recovery on the near-term basis, especially after forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of the negative signals.
The USDCHF pair slipped slightly in recent intraday trading after hitting resistance at EMA50, prompting a short-term profit-taking phase following prior gains.
MoreThe NZDUSD pair rose in recent intraday trading, supported by positive signals from the relative strength indicators after reaching deeply oversold conditions, suggesting a short-term corrective rebound.
MoreThe AUDUSD pair declined during recent intraday trading after the key and strong resistance level at 0.7170 held firm, pushing the pair lower as it attempts to regain positive momentum that could help it break this barrier in the near term.
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