The (NZDUSD) price rose in its last intraday trading, attempting to gain a bullish momentum that might help it to recover and rise again, and attempting to offload some of its overbought conditions on the (RSI), amid the dominance of bullish correctional wave on the short-term basis and its affection by breaching a minor bearish trend, and there is a positive pressure due to its trading above EMA50, reinforcing the stability of the positive track on the near-term basis.
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The (AUDUSD) price settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside a bullish bias line, indicating the strength of this track, with the emergence of the positive signals on the (RSI), despite their reach to overbought levels.
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The (USDCAD) price declined in its last trading on the intraday levels, affected by breaking bullish trend line yesterday on the short-term basis, leading to surpass the support of EMA50, intensifying the surrounding negative pressures, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels, to resume this correctional decline.
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The (USDJPY) price rose in its last intraday trading, in an attempt to offload some of its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that prevent the pair’s recovery on the near term basis, and under the dominance of bearish correctional wave on the short-term basis.
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