The (silver) price extended its gains in its last trading on the intraday levels, after breaching $52.50 resistance, this resistance represents our expected target in our previous analysis, supported by its continuous trading above EMA50, reinforcing the stability of the main bullish trend on the short-term basis and its trading alongside minor trend line on the short-term basis, besides the emerging of the positive signals on the relative strength indicators, despite reaching overbought levels, indicating the dominance of the buying powers.
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The (USDCHF) price witnessed fluctuated trading on its last intraday level, attempting to gain bullish momentum that might help it to recover and rise again, amid the continuation of the positive pressure due to its trading above EMA50, reinforcing the chance of the price recovery on a near-term basis, and its trading alongside supportive trendline for this track.
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The (NZDUSD) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this track, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold condition in the previous sessions, opening the way for recording more of the losses.
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The (AUDUSD) price declined in its last intraday trading, due to the stability of the key resistance at 0.6520, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline, besides the emergence of the negative signals on the relative strength indicators.
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