The (NZDUSD) price rose slightly in its last intraday trading, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis, especially with its trading alongside bearish corrective trend line on short-term basis, with the emergence of negative signals from relative strength indicators, despite reaching oversold levels.
The (AUDUSD) price rose in its last intraday trading, amid its trading above 0.7135 key resistance level, to confirm breaching it amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive dynamic pressure due to its trading above EMA50, noticing the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for expanding its gains on the near-term basis.
The (USDCAD) price declined in its last intraday trading, amid the continuation of the dynamic and negative pressure that is represented by its trading below EMA50, with the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought levels, on the opposite of the price behavior, which suggest begin forming negative divergence, which will intensify the negative pressure, especially with the dominance of steep minor bearish wave on short-term basis.
(USDJPY) declined in its latest intraday trading after the key resistance level at 159.00 held firm. This resistance had previously represented a price target in our earlier analysis, to take profits from its previous gains and attempt to ease its clear overbought condition on the relative strength indicators, especially with the beginning of a negative crossover on the indicator.
This pullback may help the pair regain positive momentum that could support another attempt to break the mentioned resistance, particularly as the price continues to benefit from dynamic support by trading above EMA50, which reinforces the stability and dominance of the main short-term upward trend.