The (NZDUSD) price rose in its last trading on intraday levels, after bearish corrective journey to look for higher low to use it as a base that helped it to gain the bullish momentum that supported it to achieve the last gains amid the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, with the relative strength indicators reaching oversold levels, indicating the beginning of forming positive divergence, which reinforces the chances of a recovery on the near period.
The (AUDUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, reaching minor bullish trend line on short-term basis, accompanied by its leaning on EMA50’s support amid the attempts of looking for higher low to use it as a base that might help it to gain the required bullish momentum to recover and rise again.
The (USDCAD) price extended its strong gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, attacking minor bearish trend line on short-term basis, accompanied by its attempts to get rid of the negative pressure of EMA50. If the price manages to reach this level, it will announce its full recovery and reinforce its gains extended on a near-term basis.
The (USDJPY) surged high in its last intraday trading, breaching 154.45 key resistance, amid the dominance of strong bullish corrective wave on intraday basis, due to the effect of positive technical pattern that formed on short-term basis (inverted head and shoulders pattern), to attempt to surpass the negative pressure of EMA50, announcing its momentum to extend its corrective gains, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which might decelerate the price rise temporarily.