The (NZDUSD) price rose in its last intraday trading, due to the stability of 0.5890 support, which represents a potential target in our previous analysis, attempting to recover some of its previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals from them, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.

The (AUDUSD) price rose strongly on its last intraday levels, in attempt to recover some of its previous losses, supported by the emergence of positive signals from relative strength indicators, after reaching oversold levels, amid the dominance of bearish corrective wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price full recovery on the near-term basis.

The (USDCAD) price declined in its last intraday trading, reaching EMA50’s resistance, which put it under negative pressure, besides the emergence of negative overlapping signals from relative strength indicators, after reaching exaggerated overbought conditions compared to the price move, intensifying the negative pressure and reducing the chances of its recovery on near-term basis.

The (USDJPY) declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the positive support due to its trading above EMA50, which provides renewed bullish momentum, especially with the trading within bullish channel’s range that limited its previous trading on short-term basis.