NZDUSD moved lower during recent intraday trading despite the continued dominance of the main short-term bullish trend, with prices still moving along a supportive upward trendline.

The pair also continues to receive positive dynamic support from trading above EMA50, to attempt to gather positive momentum that could help it recover and resume its upward movement. At the same time, the pair is trying to ease some of the clear overbought conditions on the relative strength indicators, especially as a negative crossover begins to appear.

AUDUSD declined during recent intraday trading amid negative signals coming from the relative strength indicators, attempting to regain positive momentum that could support a fresh recovery and upward move.

Despite the recent decline, the pair continues to receive positive support from trading above EMA50, which reinforces the stability and dominance of the main short-term bullish trend, with the trading alongside a supportive bullish trendline. This strengthens the chances of a renewed rise in the near term.

USDCAD extended its gains during recent intraday trading and is now preparing to test the key resistance level at 1.3700. The pair is supported by positive signals from the relative strength indicators after reaching heavily oversold levels.

This bullish momentum also comes after the pair previously broke above a major short-term bearish trendline, while continuing to trade above EMA50, which provides positive dynamic support and strengthens the likelihood of extending gains in the near term.

USDJPY surged higher during recent intraday trading amid the dominance of a short-term bullish corrective wave, while continuing to move along a steep upward trendline, reflecting the strength of the current bullish path and its control over price action.

This move comes alongside the emergence of a positive crossover on the relative strength indicators after the pair managed to reduce some of its previous overbought conditions, giving it more room to extend gains. Through this rise, the pair also succeeded in overcoming the negative pressure from the 50-period simple moving average, which further strengthens the chances of continuing the upward move in the near term.