The (NZDUSD) price declined in its last trading on intraday levels, due to the stability of the current support at 0.6070 resistance, attempting to gain bullish momentum that might help it to breach this resistance, and attempting to offload its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of the price recovery on near-term basis.
The (AUDUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside minor trend line.
The (USDCAD) price rose in its last intraday trading, attempting to recover some of its previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure around the pair.
The (USDJPY) surged high in its last intraday trading, due to the stability of 153.00 support, gaining bullish momentum that helped it to achieve these gains, supported by the emergence of positive signals from relative strength indicators, after reaching oversold levels. The price is attempting to correct the main bearish trend on short-term basis, amid the dominance of steep bearish wave with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery in the near period.