The NZDUSD pair remains under strong bearish pressure during recent intraday trading, preparing to break the key support level at 0.5785, which had previously been our downside target. This negative performance comes amid continued pressure from trading below EMA50, reinforcing the dominance of the short-term downtrend.

The pair is also moving along a steep descending trendline, reflecting the strength of the bearish momentum, alongside renewed negative signals from relative strength indicators.

AUDUSD declined during recent intraday trading, preparing to break the support at 0.7000, this support was an expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, positive signals begin to emerge from the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.

USDCAD provided during recent intraday trading, amid the attempts of breaching the key and stubborn resistance at 1.3940, support by its continued trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line, besides the positive signals that comes from the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

USDJPY remains supported by recent intraday gains as it approaches the key resistance level at 160.70, which has been one of our previously identified targets, supported by trading along a short-term ascending trendline, while trading above EMA50, providing additional dynamic support, and relative strength indicators continue to generate positive signals, reinforcing bullish momentum and improving the chances of extending gains in the near term.