Silver price settled higher in its last intraday trading, after reaching $51.25 resistance, which was a potential target in our previous analysis, attempting to gain bullish momentum that might help it to breach this resistance, amid the dominance of minor bullish wave on the short-term basis and its trading alongside supportive trend line for this track, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way fpr achieving more gains in the upcoming period.
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The (USDCHF) price settled higher in its last intraday trading, due to its leaning on the main bullish trend line on the short-term basis, accompanied by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels and reaching our last suggested target at 0.8000 support, which increased the bullish momentum, due to the stability of this support, on the other hand, the pair remains under negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on the near-term basis.
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The (NZDUSD) price settled lower in its last intraday trading, affected by reaching the resistance of its EMA50, which forces it to rebound lower amid the dominance of the main bearish trend on the short-term basis, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, to indicate forming negative divergence that might intensify the negative pressure in the upcoming period.
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The (AUDUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to attept to gain bullish momentum that might help it recover and rise again, and it is attempting to offload this overbought condition, leaning on the support of its EMA50, affected by positive technical formation on the short-term basis that is represented by the double bottom pattern.
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