The (NZDUSD) price witnessed slight gains in its last intraday trading, in quick attempt to recover some sharp losses yesterday, attempting to offload some of the oversold levels on the relative strength indicators, especially with the emergence of positive signals from them, amid the dominance of minor bearish wave, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances for the price recovery in its intraday trading, after reaching 0.5880 level that represents our last expected target.
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The (AUDUSD) price rose in its last trading on its intraday basis, attempting to recover its previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of bearish correctional wave on the intraday basis, indicating the volume of the negative momentum, especially that there is negative pressure due to its trading below EMA50,reinforcing the chances of deepening its losses in the upcoming period.
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The (USDCAD) price settled high in its last intraday trading, to attack the critical resistance level at 1.3800, accompanied by hitting the resistance of its EMA50, amid its affection by exiting minor bearish channel’s range that limited its previous trading on the intraday basis, supported by the emergence of the positive signals on the relative strength indicators, putting the price in critical station to detect the upcoming trend on the near basis.
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The (USDJPY) declined in its last intraday trading, due to the stability of the current resistance level at 148.00, to gather the gains of its previous rises, to attempt to gain bullish momentum that might help it to breach this resistance, and it attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid its affection by breaching minor bearish trend on the short-term basis, taking advantage of the dynamic support that is represented in its trading above EMA50, reinforcing the chances of extending its gains on the near-term basis.
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