The (Brent) price slipped lower in its last intraday trading, to confirm breaking main bullish trend line on short-term basis, accompanied by surpassing EMA50’s support, to announce its momentum to continue the corrective decline on near-term basis, especially with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, which might limit its intraday losses temporarily.
The (USDCHF) price is witnessing fluctuating trading that prefers moving higher on its last intraday levels, with the emergence of positive signals from relative strength indicators. This performance comes amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reducing the chances of full recovery on bear-term basis.
The (NZDUSD) price settles on a decline in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, which indicate entering a new bullish momentum that might help it to recover and rise again, especially with its leaning on EMA50’s support, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line.
The (AUDUSD) price declined in its last intraday trading, to gain bullish momentum that might help it to recover and rise again, leaning on 0.7090 key support, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path, noticing the emergence of positive overlapping signals on relative strength indicators, after offloading its overbought conditions, opening the way for the recovery and rising again.