(NZDUSD) rose strongly in its recent intraday trading, preparing to attack the resistance level at 0.5830, which was our last expected target, amid the continuation of the positive support due to its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis, after offloading some of the overbought conditions on the relative strength indicators, which opens the way for extending the gains in the near upcoming period.
(AUDUSD) rose in its latest intraday trading, attacking the key resistance of 0.6980, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides a continued dynamic support due to its trading above EMA50, which reinforces the chances of potential breakout and continuing the corrective upside moves in the near upcoming period.
USDCAD kept falling in its last intraday trading, after breaking 1.4090 support, which was our last expected target, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, despite the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, which represents a clear signal for the strength of the bearish momentum.
USDJPY declined in its last intraday trading, leaning on EMA50’s support, in attempt to gain bullish momentum that hay help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor supportive trend line, besides the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for targeting new resistance levels.