The (USDCAD) declined in its recent intraday trading, affected by the stability of the critical and stubborn resistance level at 1.4000, this decline came with the emergence of the negative signals on the (RSI), amid the pair’s attempts to gain positive momentum that might assist to breach this resistance, to lean on the support of a bullish correctional trend line on the short-term basis, with a positive reinforcement due to its trading above its EMA50.
The (AUDUSD) declined in its recent intraday trading, amid its stability below the critical resistance at 0.6435, with the continuation of the negative pressure due to its trading below the EMA50, besides the emergence of the negative signals on the (RSI), keeping the bearish correctional trend the dominant on the pair’s trading on the short-term basis.
The (NZDUSD) settled in its recent intraday trading, with the beginning of the negative signals emergence on the (RSI), after reaching oversold levels, the price attempts to offload this oversold conditions, amid the dominance of the bearish correctional trend on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50.
The (USDCHF) declined in its recent intraday trading, amid the emergence of the negative signals on the (RSI), despite reaching oversold levels, to lean on the critical support at 0.8320, accompanied by its lean on the support of its EMA50, which strengthens this level, this comes amid the dominance of the bullish correctional trend and its trading alongside a bias line.