The (USDCAD) pair’s price edged slightly higher in its latest intraday trading, as the pair attempts to recover part of the losses it incurred yesterday. At the same time, it is trying to get rid of some of the clear oversold pressure from the Relative Strength Index (RSI), especially with the beginning of a positive overlapping signals. This comes amid the dominance of a main bearish trend and trading along a short-term descending trendline.

The (AUDUSD) declined in its latest intraday trading, after hitting the resistance of the EMA50. The pair is taking profits from yesterday’s gains and attempting to relieve some of the overbought pressure seen in the Relative Strength Index, especially with the emergence of a negative overlapping signals, gathering bullish momentum that may help it overcome this temporary downside pressure.

This comes in light of the pair’s recent breach above the key resistance level at 0.6085, confirming the formation of a positive double bottom pattern in the short term, which strengthens the bullish scenario.

The (NZDUSD) pair’s price rose in its latest intraday trading, attempting to attack the key resistance level at 0.5650, beside the resistance collision with the EMA50, which adds negative pressure, especially with negative signals starting to appear from, the Relative Strength Index (RSI) after reaching heavily overbought levels.

The USDCHF pair declined in its latest intraday trading, amid the dominance of a main bearish trend in the short- term basis, with continued trading below the EMA50. Additionally, we notice the beginning of a negative divergence forming in the Relative Strength Index (RSI), after reaching extremely overbought levels compared to price movement, along with the emergence of a negative overlapping signals.