The (NZDUSD) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this track, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold condition in the previous sessions, opening the way for recording more of the losses.
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The (AUDUSD) price declined in its last intraday trading, due to the stability of the key resistance at 0.6520, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline, besides the emergence of the negative signals on the relative strength indicators.
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The (USDCAD) price extended its gains in its last intraday trading, attacking the critical resistance level at 1.4030, which represents our expected target in our previous analysis, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of the negative crossover on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.
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The (USDJPY) rose in its last trading on the intraday levels, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50, reinforcing the strength of the positive track, especially with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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