AUD/USD price sharpened its decline in latest intraday trading, hurt by exiting a descending secondary price channel previously in the short term, with ongoing positive support due to trading above the 50-candle SMA, as the price seeks a supportive bottom to help it gather enough positive momentum to rebound.
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NZD/USD price fell in latest intraday trading after the pivotal resistance of $0.5830 held on, with negative signals emerging from the Stochastic after reaching overbought levels, as the price now seeks a bottom to bounce it higher and help it gather momentum, amid the dominance of the main upward trend in the short term, with ongoing positive pressure due to trading above the 50-candle SMA.
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USD/CHF price sustained heavy losses in latest intraday trading, amid the total dominance of the main downward trend in the short term while trading alongside the trend line, with ongoing negative pressure due to trading below the 50-candle SMA, as the latest decline came after the price tried to vent off oversold saturation in the Stochastic, before resuming its fall quickly, reflecting the strength of this trend.
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Gold price settled higher in latest intraday trading after leaning on the main upward trend in the short term, while also touching the support of the 50-candle SMA, lending the price additional positive momentum especially with positive signals emerging from the Stochastic after reaching oversold levels, helping the price regain its footing quickly.
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