(NZDUSD) rose slightly in its recent intraday trading, to confirm breaching a main bearish trend line on the short-term basis, benefiting from the dynamic support that is represented by its trading above EMA50, which reinforces the chances of extending these gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators, despite its stability in overbought levels.
(AUDUSD) rose in its latest intraday trading, breaching the key resistance at 0.6925, taking advantage of the positive signals’ emergence from the relative strength indicators, with a dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains in the upcoming near period, on the other hand, the main bearish trend remains dominant on the short-term basis, with the trading alongside minor trend line that supports this path.
USDCAD fluctuated in its last intraday trading, affected by breaking main bullish trend line on the short-term basis, with a negative pressure due to its trading below EMA50, intensifying the negative pressure and suggesting more declines in the upcoming period, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading some of its oversold conditions.
USDJPY settles on cautious gains in its last intraday trading, attempting to recover some of yesterday's losses, and attempts offload some of the clear oversold conditions on the relative strength indicators, especially with the beginning of the positive signals’ emergence from them.
This comes due to breaking a main bullish trend line on the short-term basis, with a continued negative pressure that comes from its trading below EMA50, reducing the chances of sustained recovery in the upcoming near period.