Silver price declined in its last trading on the intraday basis, attempting to gain bullish momentum that may help it to breach the near historical resistance at $64.60, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from there, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive main and minor trend lines for this trend.
The (USDCHF) price declined in its last trading on the intraday levels, due to the stability of the current resistance at 0.7975, amid steep minor bearish wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, on the other hand, we notice the emergence of positive signals on relative strength indicators, after offloading its overbought conditions, which makes us witness fluctuating moves in the upcoming period.
The (NZDUSD) price continued the decline in its last intraday trading, amid the dominance of steep bearish corrective wave on the intraday basis, surpassing the support of its EMA50, intensifying the negative pressures around the price, especially with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions, opening the way for targeting new support levels on the near-term basis.
The (AUDUSD) price witnessed active moves on its last intraday levels, declining to break main bullish trend line on the short-term basis, with the emergence of negative signals on the relative strength indicators, with the negative pressure that led it to surpass EMA50’S support, indicating the pressure and opening the way for recording more losses in the upcoming period.