The (Brent) price rose in its last intraday trading, preparing to attack $72.00 resistance, supported by its continuous trading above EMA50, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this bullish track on the other hand, we notice the emergence of negative overlapping signals from relative strength indicators, after offloading its oversold conditions, which might reduce the gains on near-term basis.
The (USDCHF) price rose in its last intraday trading, taking advantage of its trading above 0.7725 key support, taking advantage of dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis, especially with its trading alongside minor supportive trend line for this track, by the emergence of positive signals from relative strength indicators after reaching oversold levels.
The (NZDUSD) price settles in its last intraday trading, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances of the price recovery on near term basis, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.
The (AUDUSD) price settles in its last intraday trading, with continuous negative pressure due to its trading below EMA50, which prevented the price recovery in the previous period, on the other hand, the main bullish trend is dominant, with its trading alongside supportive trend line for this bullish track, besides the emergence of positive overlapping signals from relative strength indicators, after reaching oversold levels, paving the way for rising again.