The (silver) price declined in its last trading on the intraday levels, amid the dominance of steep bearish corrective wave on the short-term basis, reinforced by the continuation of its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, reducing the chances of the price recovery in the upcoming period.
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The (USDCHF) price rose in its last trading on the intraday basis, in an attempt to recover some of its previous losses , attempting to recover some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive crossover, affected by breaking minor bullish trendline on the short-term basis, and there is negative pressure due to its trading below EMA50, which intensifies the negative pressure.
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The (NZDUSD) price settled high in its last intraday trading, amid its attempts to breach the stubborn and key resistance at 0.5755, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline, supported by its continued trading above its EMA50, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which decelerates the rise of the pair on the near-term basis.
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The (AUDUSD) price fluctuated on its last intraday levels, attempting to gain bullish momentum that might help it to breach the stubborn and key resistance level at 0.6520, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, supported by its trading above EMA50, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside supportive trendline for this track.
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