The (NZDUSD) price settles on gains on its last intraday levels, to retest 0.5935 key resistance, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the bearish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this path, accompanied by the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence.
The (AUDUSD) price settles on gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, reaching EMA50’s resistance, which decelerates extending its gains amid the dominance of bearish corrective wave on short-term basis, which threatens any recovery attempts on near-term basis.
The (USDCAD) price declined in its last intraday trading, leaning on our previously suggested target at 1.3630 key support, to break bullish corrective trend line on short-term basis, intensifying the negative pressure due to its trading below EMA50, with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording new downside moves.
The (USDJPY) continued moving lower in its last intraday trading, in attempt to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the trading within bullish corrective channel that limits its trading on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of near-term recovery.