The (NZDUSD) price rose in its last intraday trading, in attempt to recover some of its previous losses, attempting to recover some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on near-term basis, especially with the dominance of bearish corrective wave on short-term basis.
The (AUDUSD) price rose in its last intraday trading, affected by its leaning on the support of main bullish trend line on short-term basis, gaining bullish momentum that helped it to achieve these gains and reinforce the momentum with the emergence of the positive signals from relative strength indicators, after reaching oversold levels, on the other hand, the pair remains under negative pressure due to its trading below EMA50, which threatens the near-term recovery attempts.
The (USDCAD) price settles on strong gains in its last intraday trading, amid the dominance of the bullish corrective trend on short-term basis, with its trading alongside steep minor trend line that indicated the strength of this path, especially with the continuation of the dynamic and positive pressure that is represented by its trading above EMA50, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels.
The (USDJPY) kept rising in its last intraday trading, after surpassing the negative pressure of EMA50, dominated by minor strong bullish wave on short-term basis, on the other hand, we notice the emergence of negative overlapping signals from relative strength indicators, which might reduce the strong gains on near-term basis.