(NZDUSD) rose in its recent intraday trading, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, which represents a dynamic support that reinforces the chances of extending the gains in the near upcoming period, especially with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
(AUDUSD) rose in its latest intraday trading, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending these gains in the near upcoming period.
USDCAD settles lower in its last intraday trading, preparing to break 1.4000 support, which was our previous expected target, amid the dominance of the bearish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
USDJPY declined in its last intraday trading, with the emergence of the negative signals from the relative strength indicators, attempting to offload some of its overbought conditions, to gather its positive strength, which may help it gain the required bullish momentum for its recovery.
This comes amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive minor trend line for this path.