Brent crude oil declined during its recent intraday trading, due to the stability of the main resistance at $100.00, this resistance represents an expected target in our previous analysis, which makes the price gather the gains of its previous rises, to attempt to gain bullish momentum to help it breach this resistance, and attempts to offload some of the clear overbought conditions on the relative strength indicators, amid the dominance of the short-term main bullish trend, with its moves alongside trend line that reinforces this path. 

The (USDCHF) pair surged sharply during its latest intraday trading after breaking above the resistance level at 0.7835, which had previously been identified as a price target in our analysis. This move occurred amid the dominance of the short-term corrective upward trend, with price movements tracking a supportive minor trendline.

The pair also benefits from continued positive dynamic pressure due to trading above EMA50. However, we note the emergence of a negative crossover from the relative strength indicators after reaching deep overbought levels, which could limit the pair’s further gains.

The NZDUSD pair continued to decline during its latest intraday trading, amid ongoing negative pressure as it trades below EMA50, which reinforces the stability and dominance of the short-term corrective downward trend, supported by price movements along a trendline that backs this bearish path, and we notice the beginning of a positive crossover on the relative strength indicators after reaching deeply oversold levels, which may limit the pair’s losses in the near term.

The AUDUSD pair settles lower during its latest intraday trading, as it attempts to find a higher low that could serve as a base to gain the positive momentum needed to resume its recovery. With its recent decline, the pair has moved to rely on the support of EMA50.This occurs while the main bullish trend remains dominant in the short term, alongside the beginning of a positive crossover on the relative strength indicators after reaching deep oversold levels compared to the pair’s movement.