The (NZDUSD) price extended its gains in its last intraday trading, breaching bearish corrective trendline on the short-term basis, gaining more bullish momentum that helped it to achieve more gains to surpass the resistance of EMA50, surpassing its next pressure and reinforced the chances of the gains continuation on the near-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains.
The (AUDUSD) price rose slightly in its last intraday trading, taking advantage of leaning on EMA50’s support, which represents a base that provides renewed bullish momentum, amid the dominance of the main bullish trend on a short-term basis, and its trading alongside trend line, with the emergence of the positive signals from the relative strength indicators, reinforcing the chances of extending the gains on the near-term basis.
The (USDCAD) price settled lower in its last intraday trading, leaning on the current support at 1.3865, amid the attempts of looking for rising low to use it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this track, with the continuation of the dynamic pressure that is represented by its trading above EMA50, to begin forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals.
The (USDJPY) kept rising on its last intraday levels, affected by breaching 157.70 key resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis, besides the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.