The (USDCHF) price declined in its last intraday trading, due to the stability of the critical resistance level at 0.7985, to break a bullish correctional trend line on the short-term basis, accompanied by surpassing the support of its EMA50, which puts it under intensive negative pressure, especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
The (NZDUSD) price rose in its last intraday trading, with the emergence of the positive signals on the (RSI), to notice reaching overbought levels, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, forming a dynamic resistance that prevent changing the trend.
The (AUDUSD) price rose in its last intraday trading, supported by the emergence of positive signals on the (RSI), indicating the improvement in the technical momentum and pushing the price to the upside temporarily.
This rise reached the resistance of the EMA50, which represents an important technical barrier amid the continuation of the bearish correctional trend dominance on a short-term basis, which might limit the price ability to resume the rise, if it couldn’t breach this level stably.
The (USDCAD) price declined in its last intraday trading, due to the stability of the key resistance at 1.3685, accompanied by reaching main bearish trend line on the short-term basis, besides the emergence of the negative signals on the (RSI), on the other hand, the pair takes advantage of the dynamic support that is represented in its trading above EMA50.