The (NZDUSD) price declined in its last intraday trading, amid the stability of its trading below 0.5890 support, which represented an expected target in our previous analysis, after offloading some of its oversold conditions on relative strength indicators, increasing the negative pressure, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path.

The (AUDUSD) price declined on its last intraday levels, affected by breaking minor bullish trend line on short-term basis, and there are dynamic negative pressure that is represented by its trading below EMA50, intensifying the negative pressure especially with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording more downside moves on near-term basis.

The (USDCAD) price rose in its last intraday trading, benefiting from leaning on EMA50’s support, gaining some bullish momentum, especially with the dominance of short-term bullish corrective trend, on the other hand, we notice the emergence of negative signals from relative strength indicators, reducing the chances of sustainable recovery on near-term basis.

The (USDJPY) declined in its last intraday trading, which was marked by volatility amid emerging negative signals from the relative strength indicators after reaching heavily overbought levels. The pair is attempting to regain positive momentum that could help it recover and move higher again.

This comes as the short-term corrective bullish trend remains dominant, with price movements alongside a supportive trend line. In addition, ongoing dynamic support is present as the pair continues to trade above EMA50, which enhances the chances of further upside in the near term.