The AUDUSD pair moved higher in its recent intraday trading, but we notice the weakness in in the last two candles (on the 4-hour), as the price approaches the key resistance level of 0.6250, beside the emergence of negative signals from the relative strength indicators (RSI), which have reached overbought areas, increasing pressure on the pair’s upward movement. However, the pair continues to receive positive support from trading above the EMA50.

The NZDUSD pair extended its upside movement in its recent intraday trading, after successfully breaching the current resistance level at 0.5760. This rise comes under the influence of a strong bullish wave, supported by the continuation of the trading above the EMA50, beside the emergence of positive signals from the relative strength indicators (RSI), despite its stability in the overbought areas.

The USDCHF pair experienced a sharp drop in its recent intraday trading, under the dominance of the main bearish trend, and its trading along a minor trend line on the short-term basis. This decline comes with the continuation of the negative pressure, due to the price’s trading below the EMA50, reaching in its last decline to lean on the support level at 0.8150.

Gold prices soared high in its recent intraday trading, after it managed to breach the key resistance level of $3,165 during yesterday’s session. This comes amid strong dominance of the main bullish trend, supported by the continuation of the positive signals from the Relative Strength Index (RSI), despite its stability in overbought areas, which reflects the strength of the current bullish trend.