The (NZDUSD) price declined in its last intraday trading, attempting to gather the gains of its previous rises, to gather its bullish strength to rise, amid the dominance of steep bullish corrective wave, indicating the strength and dominance of this trend, especially with the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators.
The (AUDUSD) price declined amid fluctuated trading, due to the stability of the current resistance at 0.6550, which represents our expected target in our previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that may help it breach this resistance, amid the dominance of strong corrective wave on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of negative signals on the relative strength indicators after reaching overbought levels, which may obstruct the chances of the upside movement on the intraday basis.
The (USDCAD) price rose slightly in its last intraday trading, in attempt to recover some previous losses, supported by the beginning of forming positive divergence on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near-term basis.
The (USDJPY) slipped lower in its last intraday trading, accompanied by dynamic negative pressure that is represented by its trading below EMA50, besides the emergence of negative signals on the relative strength indicators, after reaching overbought levels, to break main bullish trend lune on the short-term basis, announcing the continuation of the bearish corrective wave in the upcoming period, unless its takes advantage from the key support.