The (NZDUSD) price settled higher in its last intraday trading, amid the dominance of strong bullish corrective wave on the short-term basis, with the continuation of the bullish support due to its trading above EMA50, noticing the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains in the upcoming period.
The (AUDUSD) price extended its gains in its last intraday trading, taking advantage of its stability above 0.6525, this resistance represents 50%Fibonacci correction level for the last bearish wave on the short-term basis( from 0.6628 to 0.2422), and there is a dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators.
The (USDCAD) price declined in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the price recovery on the near-term basis, after offloading its oversold conditions, opening the way for recording more losses in the upcoming period.
The (USDJPY) attempts to gain bullish momentum in its last intraday levels, in tight sideways trading, taking advantage of its trading alongside main bullish trend line on the short-term basis, providing renewed bullish momentum, after offloading its overbought conditions, attempting to surpass the negative pressure of EMA50.