The (NZDUSD) price witnessed fluctuating trading on its last intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, besides the emergence of the positive signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.
The (AUDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, despite its stability in overbought levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the losses in the upcoming period.
The (USDCAD) price declined in its last intraday trading, with the emergence of positive overlapping signals on the relative strength indicators, after offloading its oversold conditions and reaching exaggerated overbought levels compared to the price move, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near-term basis, especially with its trading alongside main bearish trend line on the short-term basis.
The (USDJPY) fluctuated on its last intraday levels, after its decline in the opening of the week trading, affected by the negative signals from the relative strength indicators after reaching overbought levels, leaning on the support of its EMA50, gaining bullish momentum that helped it to rebound and erase these early losses, accompanied by testing minor bullish trend line on the short-term basis.