The (USDCHF) price settled high in its last intraday trading, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support that is represented by its trading above EMA50, preparing to reach the critical resistance level at 0.7985, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which makes us witness some negative rebounds as an attempt to offload this overbought condition.
The (NZDUSD) price declined in its last intraday trading, affected by reaching the resistance of its EMA50, which forced it to bounce lower, especially with the beginning of the negative signals appearance on the (RSI), after reaching overbought levels, which suggest forming a negative divergence, intensifying the negative pressure on the price, amid the dominance of the bearish correctional trend.
The (AUDUSD) price declined in its last intraday trading, due to the stability of the key resistance at 0.6588, to attempt to gain positive momentum that might assist it to breach this resistance, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its moves alongside a minor bias line on the short-term basis.
The (USDCAD) price rose in its last intraday trading, taking advantage of the positive pressure due to its continuous trading above EMA50, with the emergence of the bullish signals on the (RSI), reinforcing the positive momentum, breaching the main bearish trend line on the short-term basis, indicating its momentum to resume the correctional rise.