(NZDUSD) slipped lower in its recent intraday trading, looking for higher low to use it as a base that may help it to gain the required bullish momentum for its recovery, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of a near term recovery, especially with the relative strength indicators reaching exaggerated oversold levels compared to the price move, as a clear signals for generating a strong bullish momentum.

(AUDUSD) declined in its latest intraday trading, after testing main bearish trend line on the short -term basis, which forced it to rebound, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought levels on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of strong bullish corrective wave, supported by the trading above EMA50, providing dynamic support base that might help it to recover and resume the bullish corrective trend.

USDCAD rose in its last intraday trading, affected by its stability on a main bullish trend line on the short-term basis, to gain bullish momentum that helped it to achieve these gains, besides the emergence of the positive signals from the relative strength indicators, until it reached overbought levels with the emergence of negative overlapping signals, which might form strong obstacle against extending these gains in the near period, hitting the resistance of EMA50.

USDJPY surged higher in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, attempting to recover some of its previous losses, reaching the resistance of EMA50, accompanied by the relative strength indicators’ reaching exaggerated overbought levels compared to the price move, as a strong signals for losing this positive momentum, affected by breaking a main bullish trend line on the short-term basis.