The (NZDUSD) price surged high in its last intraday trading, surpassing the top of bearish corrective channel that limited its previous trading on short-term basis, accompanied by surpassing EMA50’s resistance, intensifying the importance of this rise to change the track in a near-term basis if it manages to keep it, especially after offloading its overbought conditions on relative strength indicators, especially with the emergence of positive overlapping signals from there.
The (AUDUSD) price rose slightly in its last intraday trading, due to the stability of 0.6680 key support, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, surpassing the support of minor bullish trend line on short-term basis.
The (USDCAD) price declined in its last intraday trading, amid the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this track, attempting to gain bullish momentum that might help it to recover and rise again, and it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there.
The (USDJPY) declined in its last intraday trading, surpassing EMA50’s support, to lean on main bullish trend line on a short-term basis, gaining bullish momentum that helped it to rebound quickly to reduce its early losses, especially with the beginning of forming positive divergence on relative strength indicators, and the emergence of positive signs, which supports the scenario of a recovery on near-term basis.