NZDUSD continued to rise during recent intraday trading, confirming a breakout above the 0.5920 resistance level, which had been our previous target. The pair is benefiting from positive momentum as it continues trading above EMA50, reinforcing the stability of the main bullish trend in the short term.

The bullish outlook is supported by movement along an upward trendline and positive signals from relative strength indicators, despite reaching heavily overbought levels.

AUDUSD settles higher during recent intraday trading after regaining the support of its EMA50, benefiting from positive momentum while testing the key resistance level at 0.7170.

The pair continues to trade within a short-term bullish trend supported by a bullish trendline. However, relative strength indicators are beginning to show a negative crossover after reaching overbought levels, which may limit further upside momentum.

USDCAD moved lower during recent intraday trading, breaking below a short-term corrective bullish trendline while also falling under the support of EMA50. This increases negative pressure on the pair and weakens hopes for a near-term recovery.

The bearish outlook is supported by negative signals from relative strength indicators, despite the indicators reaching heavily oversold levels.

USDJPY posted slight gains during recent intraday trading after finding support at its EMA50, giving the pair positive momentum as relative strength indicators begin showing a bullish crossover.

The indicators reached heavily oversold levels compared to price action, suggesting the formation of a positive divergence that could support further recovery in the near term, especially with the short-term corrective bullish trend still in control.