The (NZDUSD) price rose continuously in its last intraday trading, to confirming breaching the key resistance at 0.5830, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, especially with its trading alongside trend line, with the emergence of positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.
The (AUDUSD) price kept rising in its last intraday trading, affected by breaching the key resistance at 0.6685, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this track, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, indicating the dominance of the buying powers on the price.
The (USDCAD) price continued the decline in its last intraday trading, breaking 1.3685 support that represents our expected target in our previous analysis, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside trend line, besides the emergence of the negative signals on the relative strength indicators, despite its stability in the oversold levels.
The (USDJPY) witnessed sharp decline in its last intraday trading, affected by breaking minor bullish trend line on the short-term basis, to surpass EMA50’s support, intensifying the negative pressures, after offloading its oversold conditions on the relative strength indicators, to indicate fading any bullish momentum, especially with the emergence of negative overlapping signals from these indicators.