The (NZDUSD) price surged higher in its last intraday trading, breaching the key resistance at 0.5800, which represents our expected target in our previous analysis, amid the continuation of the positive pressure due to its trading above EMA50, representing dynamic support that keeps the renewed bullish momentum, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, amid the dominance of the main bullish trend on the short-term basis.
The (AUDUSD) price declined in its last intraday trading, after reaching our last expected target at 0.6670 resistance, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, gathering its positive strength that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trend line that reinforces the stability of this track.
The (USDCAD) price slipped lower in its last intraday trading, breaking the key support at 1.3820, which represents potential target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, amid the dominance of the main bearish trend on the short-term basis and its trading alongside steep bearish trend that supports this trend.
The (USDJPY) continued the decline in its last intraday trading, amid the emergence of negative signals on the relative strength indicators, despite reaching oversold levels, which forced the price to settle below 156.20, to surpass the EMA50’s support, which might intensify the negative pressures, pushing it to record more losses on a near-term basis.