NZDUSD witnessed slight cautious gains during recent intraday sessions, amid the dominance of the bearish trend on the short-term basis, with its trading alongside steep bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.
AUDUSD remains under pressure during recent intraday trading, although relative strength indicators have started to generate positive signals after reaching deeply oversold levels, to recover part of its recent losses and reduce oversold conditions, helping it maintain temporary stability.
MoreUSDCAD settles onto gains during recent intraday trading, settles above the key resistance level of 1.3940. This confirms the breakout and highlights the strength of the prevailing short-term uptrend, with the pair movement along a supportive bullish trendline.
MoreUSDJPY continues to hold onto its recent gains during intraday trading, supported by a short-term ascending trendline. The pair is also benefiting from trading above its EMA50, which provides dynamic support and enhances the prospects for extending gains in the near term.
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