The (USDCHF) price rose slightly in its last intraday trading, supported by the emergence of the positive signals on the (RSI), reaching exaggerated overbought levels compared to the price move, representing weakness sign that increase the negative pressure on the price, these pressures are represented by the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.

The (NZDUSD) price deepened its losses in its last intraday trading, by its affection by the formation of a negative technical pattern previously on the short-term basis, which is the head and shoulders pattern, and there is negative pressure due to its continuous trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels.

The (AUDUSD) price continued its decline in its last intraday trading, affected by its exit from a minor bullish channel previously, which was confining its previous trading on the short-term basis, with the emergence of the negative signals on the (RSI), despite reaching oversold levels. The pair surpassed the support of EMA50 in its early trading, which reinforces the stability of the correctional bearish scenario.

The (USDCAD) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), surpassing a minor bearish trend line on the short-term basis, attacking the key resistance level at 1.3615, on the other hand, the price remains suffering from the continuous negative pressure due to its trading below EMA50, which might decelerate the pair’s attempts to rise, in order to correct the main bearish trend.