(NZDUSD) declined in its recent intraday trading, as it reached EMA50’s resistance, putting it under negative pressure that intensified with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, to reduce the chances for a recovery in the upcoming near period, especially with the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.

(AUDUSD) declined in its latest intraday trading, as it reached EMA50’s resistance, with the stability of the key resistance at 0.6925, amid the dominance of the main bearish trend on the short-term, with the emergence of the negative signals from the relative strength indicators, after reaching exaggerated overbought levels, to add more negative pressure and intensify the likelihoods of recording more losses in the upcoming near period.

USDCAD rose in its last intraday trading, due to the stability of the pair on EMA50’s support, preparing to reach the key resistance at 1.4245, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor trend line that supports this path, noticing the beginning of positive overlapping signals on the relative strength indicators, after offloading its overbought levels, opening the way for extending these gains in the near upcoming period.

USDJPY kept rising in its last intraday trading, breaching 162.50 resistance, which was a potential target in our previous analysis, supported by its trading above EMA50, reinforcing the strength and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path.

On the other hand, we notice a negative crossover on the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains, and we may find some corrective rebounds to offload these overbought conditions.