The NZDUSD pair surged during its recent intraday trading, supported by continued movement above EMA50, which provides a dynamic support base that strengthens the stability of the short-term bullish corrective trend. The pair is testing the key resistance level at 0.5920, which had previously been our price target.

This comes alongside positive signals from the relative strength indicators, despite reaching overbought territory, which reflects strong bullish momentum in the current move.

The AUDUSD pair declined slightly during its recent intraday trading, as the pair attempts to take profits from its previous gains. At the same time, it is trying to build positive momentum that could help it break the key resistance level at 0.7185.

This comes amid the dominance of the main upward trend in the short term, along with continued dynamic support from trading above EMA50, which enhances the chances of further upside in the near term.

The USDCAD pair continues to stabilize within a series of consecutive losses during its recent intraday trading, as it breaks below the 1.3655 support level, which represented our previously targeted price in earlier analysis. This comes amid the dominance of a short-term bearish corrective trend, with the price moving along a supportive trendline for this bearish path.

The negative pressure is reinforced by the trading below EMA50, which adds to the downside momentum. On the other hand, a positive crossover is starting to appear on the relative strength indicators after reaching deeply oversold levels, which could help limit further losses.

The USDJPY pair rose during its recent intraday trading, supported by continued positive signals from the relative strength indicators, reaching the EMA50 resistance to overcome the negative pressure that has recently dominated its movements.

This move comes amid the dominance of the short- term bearish corrective trend, making the current moving average area a key point, where a successful breakout above it could open the door to a shift in the negative outlook, while failure to break through may bring back selling pressure in the upcoming period.