The (silver) price rose in its last trading on the intraday levels, due to the stability of $45.90 support, which represents our target in our previous analysis, gaining bullish momentum that helped it achieve these gains, to target recovering some previous losses, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading below EMA50, noticing the relative strength indicators reaching exaggerated overbought levels compared to the price move, which suggest forming negative divergence, especially with the emergence of negative crossover.
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The (USDCHF) price witnessed limited gains in its last intraday trading, taking advantage of the stability of the current support at 0.7935, gaining some bullish momentum to recover some of its previous losses, at the same time it attempts to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the dominance of bearish corrective wave on the short-term basis, especially with its trading alongside trend line that intensifies this negative pressure.
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The (NZDUSD) price rose in its last intraday trading, supported by its continuous trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis, and its trading alongside supportive trendline, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which helped to reduce the last gains and there is a possibility to create an intraday fluctuating area.
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The (AUDUSD) price witnessed strong gains in its last intraday trading, breaching 0.6575 resistance, which represents our suggested target in our previous analysis, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which led it to reduce some of the early gains due to its neediness to offload some of these overbought conditions.
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