The (NZDUSD) price rose in its last intraday trading, to recover some of its previous losses, besides its attempts to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them that might provide support on a near-term basis.
Despite these attempts, the price is under the dominance of minor bearish wave on the short-term basis, indicating the strength of the negative momentum, besides the continuation of the pressure that comes from its trading below EMA50, reinforcing the chances for extending the negative pressure.
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The (AUDUSD) price rose in its last intraday trading, due to the stability of the critical support at 0.6575, gaining positive momentum that helped it to achieve these gains, to recover some of its previous losses, and attempts to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, affected by breaking main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which prevents the price recovery in the upcoming period.
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The (USDCAD) price decline in its last intraday trading, after reaching our expected target at the significant resistance at 1.3890, gathering the gains of its previous rises, to attempt to gain bullish momentum that might help it to breach this resistance, besides the attempts of offloading some of the clear overbought conditions on the relative strength indicators, with the dominance of minor bullish wave that indicates the strength of the momentum.
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The (USDJPY) declined slightly in its last intraday trading, to gather the gains of its previous rises, and attempting at the same time to offload some of the clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, this decline provide a space for the price to catch its breath before resuming the attempts to rise again.
The price remains under positive pressure due to its trading above its EMA50, reinforcing the chances of its recovery, with the dominance of minor bullish wave, indicating the strength of the bullish trend on a near-term basis.
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