The (NZDUSD) price rose in its last intraday trading, attempting to recover some of its previous losses amid the dominance of the main bearish trend on the short-term basis, and its trading below EMA50, intensifying the negative pressures, especially with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price movement, which suggest forming negative divergence.
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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, attempting to offload this oversold levels, recovering some of its previous losses, amid the dominance of the bearish correctional trading on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances for the pair’s recovery on the near term basis.
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The (USDCAD) price declined in its last intraday levels, in attempt to look for higher low to take a base that might help it to gain the required positive momentum for its recovery, amid the dominance of the main bullish trend and its trading alongside supportive trendline for this track, besides the continuation of the positive pressure that comes from its trading above EMA50, accompanied by the relative strength indicators reach to oversold levels, exaggeratedly compared to the price move, to suggest forming positive divergence.
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The (USDJPY) slipped lower in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to look for higher low to take a base that help it to gain the positive momentum to recover and rise again, amid the dominance of strong bullish correctional wave on the short-term basis and its trading alongside supportive trendline, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances for the price recovery.
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