The (NZDUSD) price kept rising in its last intraday trading, breaching the key resistance at 0.5800, which was an expected target in our previous analysis, benefiting from the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on a short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.
The (AUDUSD) price settles on strong gains in its last intraday trading, amid the dominance of the main bullish trend and its trading alongside minor trend line on a short-term basis that supports this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the gains on near-term basis, especially with the emergence of positive signals from relative strength indicators.
The (USDCAD) price rose slightly in fluctuating trading on its last intraday levels, due to the stability of the key support at 1.3865, gaining some bullish momentum to recover some of its previous losses, and attempting to offload its clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, affected by breaking bullish corrective trend line on a short-term basis, with negative pressure due to its trading below EMA50.
The (USDJPY) witnessed fluctuated trading on its last intraday levels, in attempt to surpass the negative pressure of EMA50, in a significant step for its recovery, amid the emergence of positive signals from relative strength indicators on a short-term basis, with its trading alongside supportive trend line for this track, reinforcing the chances of the price rally in the upcoming period.