NZDUSD Faces Negative Pressure – Analysis –04-11-2026

AUDUSD remains under pressure in its latest intraday trading, amid the dominance of a short-term bearish minor wave. Negative pressure persists as the pair trades below EMA50, which acts as dynamic resistance and limits the chances of a full recovery in the near term. However, positive signals are beginning to emerge from the relative strength indicators after reaching deeply oversold levels, which may slow the pair's bearish momentum in the coming period.

USDCAD declined in its latest intraday trading after encountering resistance at EMA50, which exposed the pair to negative pressure and forced it to retreat, erasing all of the gains recorded yesterday. This comes alongside the emergence of a bearish crossover in the relative strength indicators after reaching deeply overbought levels, increasing the likelihood of further losses in the near term, amid the dominance of the short-term bearish corrective trend.

USDJPY has witnessed a sharp decline in its latest intraday trading, with negative signals beginning to emerge from the RSI after reaching deeply overbought levels. The pair is currently finding support at EMA50. A break below this level would confirm the pair's determination to extend its losses in the near term, potentially allowing a bearish corrective wave to take hold and persist for some time.