The (Brent) price declined in its last intraday trading, attempting to look for a rising low to take it as a base that might help it to gain the required bullish momentum to recover and rise again, amid the dominance of the main bullish trend on short-term basis, with the continuation of its trading above EMA50, reinforcing the chances of its recovery on near-term basis, especially with the emerging of positive overlapping signals from relative strength indicators, after offloading its overbought conditions, which make it able to achieve new gains.

The (USDCHF) price slipped lower in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, to break bullish corrective trend line on short-term basis, reinforcing the bearish scenario, to lean on EMA50’s support, if it surpasses it, the price momentum to deepen its losses will be formed in the upcoming period.

The (NZDUSD) price rose in its last intraday trading, amid the emergence of positive signals from relative strength indicators, reaching exaggerated overbought levels compared to the price move, indicating a quick decline in the bullish momentum strength, especially with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of its full recovery, besides breaking main bullish trend line on the short-term basis.

The (AUDUSD) price witnessed fluctuating trading on its last intraday levels, attempting to get rid of the negative pressure of EMA50, announcing its recovery to target new resistance levels on the near-term basis, amid the dominance of the main bullish trend on short-term basis, with the emergence of positive signals from relative strength indicators.