Brent crude continues to decline sharply in its recent intraday trading, to break a short-term minor bullish trend line, which intensifies the likelihood of deepening these losses in the near future, despite reaching oversold levels, to lean on EMA50’s support, which might deduce these losses and we may witness some bullish rebounds to recover some of the previous losses.

The (USDCHF) declined in its latest intraday trading, due to the stability of the key resistance at 0.7840, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, intensifying the negative pressure on the price, especially with the emergence of negative signals from the relative strength indicators after reaching overbought levels.

The (NZDUSD) surged high in its recent intraday movements, taking advantage of the dynamic support that is represented by its trading above EMA50, which provides renewed bullish momentum, to reach the key stubborn resistance level at 0.5920, amid the dominance of the bullish corrective trend on short-term basis, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.

The AUDUSD pair surged higher during its recent intraday trading, successfully breaking above the key resistance level at 0.7185. The price benefited from positive dynamic support by trading above EMA50, which reinforces the stability and dominance of the short-term bullish trend. In the background, relative strength indicators are also showing positive signals after previously reaching deeply oversold levels.