NZDUSD Price Faces a Free Fall – Analysis – 16-09-2026

AUDUSD declined in its latest intraday trading, with the pair now approaching a break below the key 0.7120 support level amid the dominance of a short-term bearish corrective wave. The pair was previously affected by breaking out of a major ascending price channel, while continued negative pressure from trading below EMA50, which acts as dynamic resistance is reducing the chances of a full recovery in the near term. This comes alongside negative signals from the relative strength indicators after the pair managed to alleviate its oversold conditions, intensifying the surrounding negative pressure.

USDCAD extended its gains in its latest intraday trading, supported by its earlier breakout above a major short-term bearish trendline, while benefiting from positive support from trading above EMA50, which acts as dynamic support and reinforces the chances of extending these gains in the near term. This comes as positive signals begin to emerge from the relative strength indicators after offloading the overbought conditions, opening the way for targeting new resistance levels.

USDJPY continued to rise in its latest intraday trading, attempting to correct the main bearish trend, supported by positive signals emerging from the relative strength indicators, accompanied by breaching EMA50’s resistance, which has turned into dynamic support, reinforcing the chances of extending the corrective gains in the near term, particularly after breaching the key resistance of 155.20 level.