Brent crude oil moves with limited sideways range in its recent intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery in the near upcoming period, especially with the dominance of the main bearish trend on the short-term basis, with the emergence of the negative signals from the relative strength indicators, intensifying the negative pressure on the price.

The USDCHF pair rose in its last intraday trading, due to the stability of the key support at 08065, which provided bullish momentum that helped the price to rebound higher, supported by the emergence of positive crossover on the relative strength indicators after offloading its overbought conditions, opening the way for extending these gains in the upcoming near period, amid the dominance of the main bullish trend on the short-term basis.

(NZDUSD) declined in its recent intraday trading, as it reached EMA50’s resistance, putting it under negative pressure that intensified with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, to reduce the chances for a recovery in the upcoming near period, especially with the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.

(AUDUSD) declined in its latest intraday trading, as it reached EMA50’s resistance, with the stability of the key resistance at 0.6925, amid the dominance of the main bearish trend on the short-term, with the emergence of the negative signals from the relative strength indicators, after reaching exaggerated overbought levels, to add more negative pressure and intensify the likelihoods of recording more losses in the upcoming near period.