The (silver) price rose in its last intraday trading, due to its lean on the critical support level at $36.30, providing more of the positive momentum that assisted it to settle, especially with the beginning of positive overlapping signals appearance on the (RSI), after reaching exaggerated oversold levels compared by the price move, indicating the beginning of forming positive divergence, which will intensifies the positive pressures, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The (USDCHF) price declined in its last intraday trading, due to the stability of the critical resistance level at 0.7985, to break a bullish correctional trend line on the short-term basis, accompanied by surpassing the support of its EMA50, which puts it under intensive negative pressure, especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
The (NZDUSD) price rose in its last intraday trading, with the emergence of the positive signals on the (RSI), to notice reaching overbought levels, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, forming a dynamic resistance that prevent changing the trend.
The (AUDUSD) price rose in its last intraday trading, supported by the emergence of positive signals on the (RSI), indicating the improvement in the technical momentum and pushing the price to the upside temporarily.
This rise reached the resistance of the EMA50, which represents an important technical barrier amid the continuation of the bearish correctional trend dominance on a short-term basis, which might limit the price ability to resume the rise, if it couldn’t breach this level stably.