The (NZDUSD) price declined in its last intraday trading, affected by reaching the resistance of its EMA50, which forced it to bounce lower, especially with the beginning of the negative signals appearance on the (RSI), after reaching overbought levels, which suggest forming a negative divergence, intensifying the negative pressure on the price, amid the dominance of the bearish correctional trend.
The (AUDUSD) price declined in its last intraday trading, due to the stability of the key resistance at 0.6588, to attempt to gain positive momentum that might assist it to breach this resistance, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its moves alongside a minor bias line on the short-term basis.
The (USDCAD) price rose in its last intraday trading, taking advantage of the positive pressure due to its continuous trading above EMA50, with the emergence of the bullish signals on the (RSI), reinforcing the positive momentum, breaching the main bearish trend line on the short-term basis, indicating its momentum to resume the correctional rise.
The (USDJPY) price rose in the last intraday levels, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, reaching the key resistance at 147.00, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels.