Brent crude oil witnessed sharp gains during its recent intraday trading, to breach the current resistance level at $93.00, this resistance represents an expected target in our previous analysis, amid the dominance of the main bullish trend on short-term basis, with the emergence of positive signals from the relative strength indicators, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the near-term gains.
The (USDCHF) price settles in consecutive gains in its last trading on the intraday basis, benefiting from the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the short- term bullish corrective trend, with its trading alongside supportive trend lien for this track, with the emergence of positive signals from relative strength indicators, despite reaching overbought levels, which might reduce its upcoming gains.
The (NZDUSD) price rose slightly in its last intraday trading, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis, especially with its trading alongside bearish corrective trend line on short-term basis, with the emergence of negative signals from relative strength indicators, despite reaching oversold levels.
The (AUDUSD) price rose in its last intraday trading, amid its trading above 0.7135 key resistance level, to confirm breaching it amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive dynamic pressure due to its trading above EMA50, noticing the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for expanding its gains on the near-term basis.