The NZDUSD pair rose slightly and cautiously during recent intraday trading, stabilizing below the key support level at 0.5775, which had previously been a downside target. This move reflects an attempt to recover part of its earlier losses, supported by emerging positive signals from the relative strength indicators after reaching deeply oversold levels. However, the pair continues to face negative pressure as it trades below EMA50, reinforcing the dominance of the short-term bearish trend.
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The AUDUSD pair showed a cautious rebound in recent intraday trading after breaking below the key support level at 0.6910, which had been a target in our previous analysis. This upward move appears to be an attempt to recover part of the earlier losses, while also easing oversold conditions on the relative strength indicators, supported by emerging positive signals. Despite this temporary recovery, the short-term corrective bearish trend remains dominant, with price moving alongside steep main and minor downward trendlines, reinforcing the strength of the bearish bias.
MoreThe USDCAD pair has maintained its gains in recent intraday trading, reaching the resistance level at 1.3850, which had been a target in our previous analysis. The pair is now attempting to build positive momentum to sustain the main short-term bullish trend.
MoreThe USDJPY pair witnessed a slight pullback during recent intraday trading after facing resistance at the key level of 159.75. This decline appears to be an attempt to regain positive momentum that could help the price break above this resistance. At the same time, the pair is working to ease its overbought conditions on the relative strength indicators, with emerging negative signals.
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