NZDUSD is looking for a rising low-Analysis-02-09-2025
AI Summary
- NZDUSD price declined in last intraday trading, looking for a rising low to gain bullish momentum
- VIP Trading Signals Performance by BestTradingSignal.com offers high-accuracy signals for US stocks, crypto, forex, and more
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The (NZDUSD) price declined in its last intraday trading, due to the stability of the current resistance level at 05910, in attempt to look for a rising low to take it as a base to gain the bullish momentum to help it recover again, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50, besides the (RSI) reaching exaggerated oversold levels compared to the price move.
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The AUDUSD price attempts to gain bullish momentum -Analysis-02-09-2025
The (AUDUSD) price declined in its last intraday trading, amid the emergence of the negative signals from the (RSI), after reaching overbought levels, in attempt to offload this overbought level condition, gathering its bullish strength that might help it to recover and rise again, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside bias line.
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The USDCAD rises, affected by significant support -Analysis-02-09-2025
The (USDCAD) price rose in its last intraday trading, due to the stability of the key support at 1.3745, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside supportive bias for this track, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the (RSI), after the price success in offloading its oversold conditions.
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The USDJPY tests a bearish correctional trend line -Analysis-02-09-2025
The (USDJPY) reinforced its gains in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to surpass the resistance of EMA50, testing bearish correctional trend line on the short-term basis, accompanied by the (RSI) reaching overbought levels, which will intensify the negative pressures on the price in the upcoming period.
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