The (USDCHF) price settled with strong gains in its last intraday trading, after reaching our expected target at 0.7835, which make the pair gains bullish momentum that helped it to achieve these gain, in an attempt to correct the main bearish trend on the short-term basis and recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price movement, which suggest forming negative divergence.
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The (NZDUSD) price settled with sharp losses in its last intraday trading, affected by the stability of the critical resistance at 0.5990, this resistance was our expected target in our previous forecast, to surpass the support of its EMA50, which puts it under negative pressure and reduces the chances of its recovery in the upcoming period, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
The (AUDUSD) price rose in its last trading on its intraday basis, due to its lean on the support of its EMA50, gaining some bullish momentum that helped it to achieve these gains, this performance came after a sudden and severe decline due to the stability of the resistance at 0.6680, to attempt to gain bullish momentum that might help it to recover and breach this resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The (USDCAD) price witnessed fluctuated trading on its last intraday levels, where it declined to reach our expected target at the key support of 1.3725, then it surged to extend its previous rises that target reducing its previous losses, and attempting to offload its oversold conditions on the relative strength indicators, amid the dominance of the bearish correction trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which shrinks the chances for the price recovery on the near-term basis.
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