The (Brent) price rose on its last intraday levels, taking advantage of the positive signals from relative strength indicators, after offloading its overbought conditions, opening the way for extending its intraday gains in the upcoming period, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, with its trading alongside main bullish trend line on short-term basis that reinforces the bullish scenario.
The (USDCHF) price declined in its last intraday trading, amid the continuation of the negative pressures due to its stability below EMA50, which reinforces the dominance of the main bearish trend on short-term basis, especially with the trading alongside supportive trend line for this path.
At the same time, we notice negative overlapping signals by the relative strength indicators after reaching exaggerated overbought levels compared to the price move, adding selling pressure and prefer the continuation of the weakness in near period.
The (NZDUSD) price rose in its last intraday trading, amid the dominance of the main bullish trend on short-term basis, with its trading above EMA50, beside the beginning of forming positive divergence on relative strength indicators, after reaching exaggerated oversold levels, with the emergence of positive signals from relative strength indicators.
The (AUDUSD) price surged higher in its last intraday trading, to breach the key resistance at 0.7090, taking advantage of the dynamic support that is represented by its trading above EMA50, amid full dominance for the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this path, noticing the emergence of positive signals from relative strength indicators, which supports extending its gains on near-term basis.