USD/CAD price skidded in latest intraday trading and erased all of this week’s profits so far, while exposed to new negative pressure after trespassing the support of the 50-candle SMA, as the price trades alongside a downward secondary trend line in the short term, with negative signals emerging from the Stochastic despite reaching oversold levels, which could help the price stabilize even temporarily.
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AUD/USD price extended its gains in latest intraday trading and trespassed the resistance of the 50-candle SMA, tackling the resistance of the downward secondary trend line in the short term, which represents a pivotal area that will decide the upcoming trend, especially as the Stochastic reached overbought levels compared to the price’s movements, hinting at negative divergence.
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NZD/USD price rose in latest intraday trading and tested the upper limit of a downward correctional price chanel that limited recent short-term trading, while bumping into the resistance of the 50-candle SMA, as the Stochastic reached overbought levels compared to the price’s movements, sending out early signals of a negative divergence, which would double negative pressure on the pair.
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USD/CHF price inched lower in latest intraday trading while trying to gather positive momentum to tackle the pivotal and stubborn resistance of 0.8860, while boosted by piercing the main downward trend line previously in the short term, with ongoing positive support due to trading above the 50-candle SMA, coupled with positive signals from the Stochastic.
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