The (silver) price declined in its last intraday trading, surpassing the support of its EMA50, affected by the negative pressure that led it to extend its losses, to lean on the support of a bullish trend line on the short-term basis, which assisted it to decrease its early losses, especially with the appearance of the positive overlapping signa on the (RSI), after reaching oversold levels.
The (USDCHF) price rose higher in its last intraday trading, supported by its exit from minor bearish channel’s range previously on a short-term basis, to succeed in surpassing the negative pressure on the EMA50, which assisted it to breach the current resistance at 0.8290, especially after the pair success in offloading its overbought conditions on the (RSI).
The (NZDUSD) price declined in its last intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to lean on the support of the EMA50, accompanied by testing a minor bullish trend line on the short- term basis, in attempt to gain positive momentum that might assist in recovering and rising again.
The (AUDUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), despite reaching oversold levels, by surpassing the support of its EMA50, facing negative pressure that led it to break a minor bullish channel’s support that limited its previous trading on the short-term basis.