NZDUSD Attempts to Ease Oversold Conditions – Analysis – 21-09-2026

AUDUSD is holding onto gains in its latest intraday trading, as the pair attempts to recover some of its previous losses. This comes amid the dominance of a short-term corrective bearish wave, with continued negative pressure from trading below EMA50, which represents dynamic resistance and limits the chances of a full recovery in the near term, accompanied by the beginning of a negative crossover in the relative strength indicators after they reached excessively overbought levels compared with the pair’s price action, signaling a loss of positive momentum and putting these gains at risk of a bearish reversal.

USDCAD continues to trade with volatility in its latest intraday levels, as it attempts to build positive momentum that could help it breach the current resistance at 1.3990. This comes amid the dominance of a strong short-term corrective bullish wave, with the pair also benefiting from a previously formed positive technical pattern, the double bottom. On the other hand, negative signals are emerging from the relative strength indicators after they formed a bearish divergence, which has hindered the pair’s advance throughout the previous period.

USDJPY suffered sharp losses in its latest intraday trading due to the158.00 resistance’s stability, which was the pair’s latest price target. The pair is attempting to find a higher low that could serve as a base to gain positive momentum and support a renewed recovery and a rise, attempting to ease its overbought conditions in the relative strength indicators, amid the emergence of negative signals from them.