The USDCHF pair advanced during recent intraday trading, testing the key resistance level at 0.7955, which had been a previous target in our analysis. The pair remains supported by the short-term uptrend, moving along a minor ascending trendline and staying above EMA50, providing dynamic support that increases the likelihood of breaking this resistance. After offloading some of the overbought conditions on the relative strength indicators, opening the way for targeting new resistance levels.
The NZDUSD pair rose slightly and cautiously during recent intraday trading, stabilizing below the key support level at 0.5775, which had previously been a downside target. This move reflects an attempt to recover part of its earlier losses, supported by emerging positive signals from the relative strength indicators after reaching deeply oversold levels. However, the pair continues to face negative pressure as it trades below EMA50, reinforcing the dominance of the short-term bearish trend.
The AUDUSD pair showed a cautious rebound in recent intraday trading after breaking below the key support level at 0.6910, which had been a target in our previous analysis. This upward move appears to be an attempt to recover part of the earlier losses, while also easing oversold conditions on the relative strength indicators, supported by emerging positive signals. Despite this temporary recovery, the short-term corrective bearish trend remains dominant, with price moving alongside steep main and minor downward trendlines, reinforcing the strength of the bearish bias.
The USDCAD pair has maintained its gains in recent intraday trading, reaching the resistance level at 1.3850, which had been a target in our previous analysis. The pair is now attempting to build positive momentum to sustain the main short-term bullish trend.
At the same time, it is trying to ease overbought conditions on the relative strength indicators, with some negative signals appearing. However, these signals have not yet impacted price action, indicating that bullish pressure remains dominant and increasing the likelihoods of extending gains in the near term.