NZDUSD is breaching a minor bearish bias -Analysis-06-08-2025
AI Summary
- NZDUSD price rose in last trading session, breaching a minor bearish trend line on short-term basis
- Price still facing resistance below EMA50, hindering recovery attempts
- BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets
The (NZDUSD) price rose in its last intraday trading, supported by the positive signals on the (RSI), after reaching oversold levels, to breach a minor bearish trend line on the short-term basis, as a signal for reinforcing these gains in the near basis, on the other hand, the price remains suffering from the dynamic resistance that is represented by its trading below EMA50, which obstacles the recovery attempts.
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The AUDUSD attempts to get rid of its negative pressure -Analysis-06-08-2025
The (AUDUSD) price rose in its last trading on the intraday levels, amid its affection by breaching a bearish correctional trend line on the short-term basis, supported by the emergence of the positive signals on the (RSI), preparing to attack the critical resistance level at 0.6490,on the other hand, the pair remains under negative pressure that comes from its trading below EMA50, which puts a pressure on the recovery attempts on the near-term basis.
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The USDCAD exhausted its positive opportunities -Analysis-06-08-2025
The (USDCAD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), surpassing a minor bullish trend line on the short-term basis, as a signal for losing the positive momentum that might return the balance and the rise, to lean on the support of its EMA50, as a last attempt to look for a rising low to take it as a base for rising again.
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The USDJPY shows more of the weakness signs -Analysis-06-08-2025
The (USDJPY) price settled with gains in its last intraday trading, after its success in retesting a main bullish trend line that has been broken previously on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, forming dynamic resistance prevents its recovery on the near-term basis, especially with the emergence of negative signals on the (RSI), after reaching overbought levels exaggeratedly compared to the price move, to suggest forming a negative divergence.
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