The (Brent) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, noticing that the relative strength indicators reached exaggerated oversold levels compared to the price move.
The (USDCHF) price rose in its last intraday trading, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside steep trendline.
The (NZDUSD) price declined in its last trading on intraday levels, due to the stability of the current support at 0.6070 resistance, attempting to gain bullish momentum that might help it to breach this resistance, and attempting to offload its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of the price recovery on near-term basis.
The (AUDUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside minor trend line.