The (NZDUSD) price declined in its last intraday trading, attempting to gain bullish momentum that might hep it to recover and rise again, and attempts to offload some of its clear overbought condition on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside main and minor bias lines, supported by its continued trading above EMA50, reinforcing the chances for the price recovery on the near-term basis.
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The (AUDUSD) price rose in its last intraday trading, approaching from 0.6680 preparing to attack it, this resistance represents our suggested targets in our previous forecast, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive bias line for this track, besides the emergence of the positive signals on the relative strength indicators.
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The (USDCAD) price slipped in its last intraday trading, after breaking the support of EMA50, putting it under negative pressure that intensified with the emergence of the negative signals from the relative strength indicators.
Which led to breaking main bullish trend line on the short-term basis, reinforcing the possibility for continuing the decline and extending the bearish wave on the near-term basis, unless witnessing signs that suggest intraday rebound or stability.
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The (USDJPY) fluctuated in its last intraday trading, attempting to offload the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals that support potential recovery attempts.
The negative pressure remains the dominant due to the continuation of its trading below EMA50, affected by minor bearish wave on the short-term basis and its trading alongside bearish bias line, keeping the main overview bearish.
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