Brent crude oil rose slightly in its recent intraday trading, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of a recovery and completing the bullish corrective trend on the short-term basis, conditioned by breaching the main bearish trend line.

This scenario is supported by the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with positive signals’ emergence.

The USDCHF pair declined in its last intraday trading, to break a main bullish trend line on the short-term basis, accompanied by surpassing EMA50’s support, with puts it under intensified negative pressure, increasing the likelihoods of deepening these losses in the upcoming near period, despite its stability on the oversold levels. 

(NZDUSD) kept rising in its recent intraday trading, breaching 0.5780 resistance, which was our previous expected target, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might reduce the quick upside moves.

(AUDUSD) rose in its latest intraday trading, with the emergence of the positive signals from the relative strength indicators, by a continued positive support due to its trading above EMA50, representing a dynamic support base that reinforces these gains in the near upcoming period, after breaching a main bearish trend line on the short-term basis, under the dominance of the bullish corrective trend.