The NZDUSD remains under pressure after a series of consecutive losses during recent intraday trading. However, the pair is showing a limited rebound in an attempt to recover part of those losses, while also trying to ease some of the clear oversold conditions indicated by the relative strength indicators, especially with the emergence of positive signals.

This comes amid the dominance of a short-term bearish corrective wave and after the pair was affected by breaking a major upward trendline, alongside ongoing negative pressure caused by trading below EMA50, which continues to increase bearish pressure around the pair.

The (AUDUSD) declined during its recent intraday trading, with the pair breaking below the 0.7140 support level, which represented our latest downside target, amid the dominance of a steep short-term bearish corrective wave, alongside continued negative pressure resulting from trading below EMA50, which increases the bearish pressure surrounding the pair.

This negative outlook is reinforced by continued bearish signals from the relative strength indicators, despite their stability within heavily oversold territory.

The USDCAD rose during its recent intraday trading, amid the dominance of a short-term bullish corrective wave. The pair continues to move alongside a supportive trendline, while maintaining positive and dynamic pressure through trading above EMA50, which enhances the chances of extending gains in the near term.

This positive outlook is supported by the emergence of a bullish crossover on the relative strength indicators after the pair successfully eased its previous overbought conditions, giving it more room to strengthen its upward momentum.

The USDJPY rose during its recent intraday trading, reaching158.95 resistance in preparation for testing it. Which represented a price target in our earlier analysis, amid the dominance of a short-term bullish corrective trend, with price action continuing alongside a supportive trendline.

In addition, positive and dynamic pressure remains in place as the pair continues to trade above EMA50. However, relative strength indicators have started to show a negative crossover after reaching heavily overbought levels, which may limit the pair’s upward momentum in the near term.