The (NZDUSD) price rose in its last intraday trading, supported by its continued trading above EMA50, and dominance of minor bullish corrective wave on the short-term basis, indicating the strength of this trend and its stability of the near-term basis, especially with the emergence of the positive signals on the relative strength indicators, after offloading some of its overbought conditions.
The (AUDUSD) price has stabilized on a rise in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside steep trend line, supported by its continuous trading above EMA50, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which might decelerate the upside track of the price in its upcoming trading.
The (USDCAD) price continued its sharp decline in its last intraday trading, after breaking the key support at 1.3900, which represents our target in our previous analysis, amid the dominance of the main bearish trend and its trading alongside steep bearish trend line that reinforces the stability and dominance of this track, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
The (USDJPY) declined in its last intraday trading, amid its trading within bearish corrective channel’s range that limited its previous trading on the short-term basis, with continued negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators after reaching overbought levels.