The (NZDUSD) price settled low in its last intraday trading, attempting to gain a new bullish momentum to help it to recover and rise again, and it is attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the bearish crossover signals, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline, with the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances for the price recovery on the near-term basis.
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The (AUDUSD) price rose slightly in its last intraday trading, preparing to attack the solid resistance at 0.6625, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this track, with the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of the rise on the near-term basis, especially with the emergence of the positive signals on the relative strength indicators.
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The (USDCAD) price rose in its last intraday trading, after its lean on the support of its EMA50, gaining bullish momentum that helped it to achieve these gains, preparing to attack the critical and stubborn resistance at 1.3955, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trendline for this track, besides the relative strength indicators reaching oversold levels, exaggeratedly compared to the price movement, which indicate the fading of the bearish momentum, which pushes it to recover in the upcoming sessions.
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The (USDJPY) settled with gains in its last intraday trading, after offloading some of its clear overbought conditions on the relative strength indicators, which makes the momentum indicators show a new bullish crossover, opening the way for continuing the rise in the near-term basis.
This performance comes amid the dominance of strong bullish wave on the short-term basis, with the stability of the price above 149.95 support, reinforcing the stability of the current bullish trend, with the continuation of the positive support that comes from its trading above EMA50.
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