The NZDUSD pair witnessed fluctuating trading during its last intraday levels, as it attempts to relieve its clearly oversold condition on the relative strength indicators, especially with the emergence of some positive signals.

However, the pair recently broke below the key support level at 0.5850, which represents the neckline of a bearish technical formation on the short-term timeframe (a triple top pattern). This comes alongside continued negative pressure as the pair trades below EMA50, increasing the likelihood of extending its losses in the near term.

The AUDUSD pair rose in recent intraday trading after holding above the key support level at 0.7120, providing some positive momentum, helping the pair achieve these gains as it attempts to recover part of its previous losses.

At the same time, the pair is working to ease its oversold condition on the relative strength indicators. However, a short-term bearish corrective wave still dominates, with continued negative pressure due to trading below EMA50, which reinforces the bearish bias.

The USDCAD pair is holding onto its recent losses during intraday trading, amid emerging negative signals from the relative strength indicators after previously reaching overbought levels. This comes as the pair attempts to regain positive momentum that could support a recovery and renewed upward movement.

The pair is currently finding support at EMA50, while benefiting from breaching a short-term corrective bearish trend line, which enhances the chances of a near-term recovery.

The USDJPY pair declined in recent intraday trading after holding below the key resistance level at 160.45, which was our latest price target. The pair is undergoing a profit-taking phase following its previous gains, while also attempting to ease its clearly overbought condition on the relative strength indicators, especially with the emergence of a bearish crossover.

Despite this pullback, the pair still benefits from dynamic support as it continues to trade above EMA50, remaining under the control of a short-term bullish trend. This could help it regain positive momentum and attempt to break above the resistance level.