The (NZDUSD) price declined in its last intraday trading, in attempt to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains, besides offloading some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, affected by breaching bearish corrective trend line on short-term basis, announcing its recovery and a return to the main bullish trend dominance, besides a dynamic support that is represented by its trading above EMA50, reinforcing the chances of its rise.
The (AUDUSD) price settles on gains in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to breach the key resistance at 0.7090, this resistance represents an expected target in our previous analysis, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path.
The (USDCAD) price kept declining in its last intraday trading, amid the dominance of the main bearish trend on short-term basis, and there is dynamic negative pressure that is represented by its trading below EMA50, intensifying the negative pressures on the price, on the other hand, we notice the emergence of positive overlapping signals from relative strength indicators, after reaching oversold levels, which might make us witness some fluctuation on the near-term trading.
The (USDJPY) couldn’t keep its early gains on its last intraday levels, to bounce lower leaning on EMA50’s support, attempting to look for higher low to take it as a base that might help it gain the required momentum for its recovery, especially with its trading alongside bullish corrective trendline on short-term basis, with the relative strength indicators reaching oversold levels, and the emergence of positive overlapping signals from there, which might turn the bullish momentum back to reverse this negative track in the upcoming period.