Brent crude oil price (BRENT) declined in its recent intraday trading, accompanied by negative signals from the Relative Strength Index (RSI), despite the indicator reaching oversold levels. The price is also under negative pressure due to trading below the 50-period simple moving average, which reinforces the stability and dominance of the short-term bearish trend, especially with price movements aligning along a secondary descending trendline. All these factors support the continuation of further losses in the coming period unless the price regains its nearby key resistance levels.

The New Zealand Dollar versus the US Dollar (NZDUSD) jumped higher in its recent intraday trades, breaking through the important resistance level of 0.5750—a level that was our previous price target. This rise is supported by positive signals from the Relative Strength Index (RSI), after it had earlier entered deeply oversold areas, in addition to positive dynamic pressure reflected by price action remaining above the 50-period simple moving average. All of this occurs under the dominance of a short-term bullish corrective wave.