The (NZDUSD) price wore green in its last intraday trading, breaching minor bearish trend line on the short-term basis, accompanied by surpassing the resistance of its EMA50, to surpass its negative pressure once, reaching the key resistance level at 0.5690, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (AUDUSD) price surged high in its last intraday trading, affected by breaching minor bearish trend line on the short-term basis, supported by the emergence of the positive signals on the relative strength indicators despite reaching overbought levels, to surpass the negative pressure of the EMA50, reinforcing the chances of extending its gains in the upcoming period.
The (USDCAD) price slipped lower in its last intraday trading, breaking minor bullish trend line on the short-term basis, which puts it under negative pressure on the near-term basis, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, on the other hand, the pair takes advantage of the dynamic support due to its trading above EMA50, forming an obstacle that prevent its turn to the bearish trend in the upcoming session.
The (USDJPY) kept declining in its last intraday trading, with the emergence of the negative signals on the relative strength indicators after reaching oversold levels, to confirm breaking the key support at 156.25, surpassing the support of its EMA50, which intensifies the negative pressures, to surpass main bullish trend line on the short-term basis, in a significant step to confirm resuming the bearish correction in the upcoming period.