The (NZDUSD) price rose in its last intraday trading, in an attempt to recover some of its previous losses, amid the dominance of the main bearish trend and its trading alongside supportive trend line for this track, with the continuation of the dynamic pressure that is represented by its trading below EMA50, besides the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, indicating the beginning of forming negative divergence that will intensify the negative pressure on the price.
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The (AUDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, however the price remains under negative pressure due to its trading below EMA50, which reduces the recovery chances on the near-term basis, amid the dominance of the main bearish trend on the short-term basis.
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The (USDCAD) price declined in its last trading on the intraday basis, due to the stability of the resistance at 1.4130, this resistance represented our target in our previous reports, the price is attempting to look for rising low to take it as a base to help it recover and breach this resistance, amid the dominance of the main bullish trend on the short-term basis, with the relative strength indicators’ reaching exaggerated oversold levels compared to the price move, indicating a quick fading of this bearish momentum.
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The (USDJPY) declined during its last trading on the intraday levels, due to the stability of the key resistance at 154.30, this resistance was a potential target in our previous analysis. The price is attempting to gain bullish momentum that might help it to breach this resistance, and attempting at the same time to offload some of the overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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