The (NZDUSD) price settled with strong losses in its last intraday trading, after breaking the key support of 05780, which represents our suggested target in our previous analysis, amid the dominance of the main bearish trend and its trading alongside steep bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, which might reduce the upcoming losses of the pair.
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The (AUDUSD) price rose slightly in its last intraday trading, in an attempt to recover its previous losses, and offloading some of the clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the dominance of bearish correctional wave and its trading alongside bearish trend line, showing the volume of the negative momentum around the pair.
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The (USDCAD) price witnessed fluctuated moves in its last intraday levels, after breaching our expected target at the significant resistance at 1.3925, to attempt to fluctuate to gather 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, to gather its bullish momentum that might help it to resume its strong rise on the near term basis, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trendline.
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The (USDJPY) settled with strong gains in its last intraday trading, amid the dominance of a steep bullish sub-wave, indicating the strength of this track, especially with the continuation of the positive pressure that comes from its trading above EMA50, preparing to attack the current resistance at 150.00, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the gains, we may witness attempts for profit-taking and offloading this overbought conditions.
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