NZDUSD is Experiencing a Free Fall – Analysis –28-10-2026

The AUDUSD pair rose in its latest intraday trading, attempting to break above the pivotal and stubborn resistance level at 0.7035. This resistance forced the pair to give up part of its early gains for the day. Meanwhile, the short-term corrective uptrend remains in control, supported by continued positive pressure as the pair trades above EMA50, which provides a dynamic support base and strengthens the chances of further gains in the near term. This is particularly evident as the relative strength indicators begin to show a bullish crossover after reaching oversold territory.

The USDCAD pair extended its gains in its latest intraday trading, attempting to cautiously recover some of its previous losses. However, the price has reached resistance at EMA50, threatening these gains and signaling a potential return to the dominance of the short-term corrective bearish trend. This comes as the relative strength indicators begin to show a bearish crossover after reaching deeply overbought territory, which could intensify the negative pressure surrounding the pair.

The USDJPY pair maintained its upward movement in its latest intraday trading, supported by an earlier break above the resistance of EMA50, which has now turned into dynamic support, strengthening the chances of extending the pair’s gains in the near term. This has also restored the dominance and stability of the short-term uptrend, with the price moving alongside a trend line supporting this path.