The (NZDUSD) extended its strong losses during recent intraday trading, remaining under pressure from continued trading below EMA50. This weakens the chances of a sustainable recovery in the near term, especially after breaking a key short-term upward trend line, signaling the continuation of the corrective bearish wave.

These movements are also supported by negative signals from relative strength indicators, reinforcing downside momentum in the short term.

The (AUDUSD) declined during recent intraday trading after breaking a major short-term bullish trend line. This decline came alongside a break below EMA50, increasing negative pressure on the pair in the near term.

The bearish outlook is supported by negative signals from relative strength indicators, despite reaching heavily oversold levels, reflecting the continuation of the short-term corrective downward wave.

The USDCAD moved higher during recent intraday trading after breaching the key resistance level at 1.3700. The pair remains under the control of a short-term corrective bullish trend, trading along a supportive trend line while continuing to receive positive dynamic support from trading above its EMA50.

This strengthens the chances of extending gains in the near term, especially with continued positive signals from relative strength indicators despite reaching overbought levels.

The (USDJPY) continued to rise during recent intraday trading after breaching the key resistance level at 157.90. The pair remains supported by trading along a short-term corrective bullish trend line, while continued movement above EMA50 maintains positive pressure and strengthens the chances of extending gains in the near term.

In addition, relative strength indicators continue to provide positive signals despite reaching heavily overbought levels, reflecting the persistence of bullish momentum.