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The USDCAD is stable by the effect of critical support -Analysis-13-05-2025

Economies.com
2025-05-13 04:17AM UTC

The (USDCAD) price settled on a decline in its recent intraday trading, attempting to gain positive momentum that might assist it to rise again, and attempting to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, and the most important is gathering its gain, amid the dominance of the bullish correctional trend on the short-term basis, with the continuation of the positive pressure, due to its trading above EMA50.

 

 

The AUDUSD is stable by the effect of critical support -Analysis-13-05-2025

Economies.com
2025-05-13 04:10AM UTC

The (AUDUSD) price settled on a decline in its recent intraday trading, affected by leaning on the critical support at 0.6355, providing some of the positive momentum to attempt to recover some of its previous losses, to offload its clear oversold conditions on the (RSI) indicators, especially with the emergence of the positive signals from them.

 

This comes amid the dominance of a bearish correctional wave on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure that is caused by its trading below its EMA50.

 

 

The NZDUSD is surrounded by bearish signals -Analysis-13-05-2025

Economies.com
2025-05-13 04:00AM UTC

The (NZDUSD) price declined in its recent intraday trading, deepening its previous losses amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.

 

The pair suffers from a negative technical formation on the short-term basis, which is the double top pattern, that opens the way for extending the bearish correctional trend.

 

 

The USDCHF gathers its positive strength -Analysis-13-05-2025

Economies.com
2025-05-13 03:52AM UTC

The (USDCHF) price declined in its recent intraday trading, affected by the stability of the resistance level at 0.8445, representing 50%Fibonacci correction level for the last bearish wave on the short- term basis (from 0.8854 to 0.8039).

 

The price attempts to gather the gains of its last rises and attempts to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, to gather its positive strength that might assist it to breach that resistance.