NZDUSD is attacking its current resistance -Analysis-08-08-2025
AI Summary
- NZDUSD price has risen to the current resistance of 0.5970, indicating a bullish correctional trend on a short-term basis
- Positive momentum is expected to continue with the price trading above EMA50 and positive signals on the RSI
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The (NZDUSD) price rose in its last intraday trading, reaching the current resistance of 0.5970, which represents our yesterday’s suggested target, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line for this trend, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought conditions, providing more of the positive momentum.
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The AUDUSD is rising steadily -Analysis-08-08-2025
The (AUDUSD) price rose in its last intraday trading, after its success in offloading its overbought conditions on the (RSI), opening the way for achieving more of the gains, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for the trend, taking advantage of the dynamic support that is represented by its trading above EMA50.
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The USDCAD is amid negative expectations -Analysis-08-08-2025
The (USDCAD) price settled with fluctuated moves that prefer moving lower on its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking main bullish trend line previously on the short-term basis, besides the emergence of the negative signals on the (RSI), after its success in offloading its oversold conditions.
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The USDJPY is surrounded by negative pressure -Analysis-08-08-2025
The (USDJPY) price witnessed fluctuated trading in its last intraday levels, amid its affection by breaking a main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after offloading the oversold condition, opening the way for recording more losses on the near-term basis.
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