The (USDCHF) price witnessed fluctuating moves on its last intraday levels, attempting to recover some of its previous losses, and attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep minor bearish wave on short-term basis, which put it under negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.
The (AUDUSD) price fluctuated in its last intraday trading, in attempt to gain bullish momentum that might help it to breach 0.6750 key resistance, and it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this track.
The (USDCAD) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, affected by breaking bullish corrective trend line on short-term basis, intensifying the negative pressure on the pair, besides the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses on a near-term basis.
The (USDJPY) declined in its last intraday trading, after reaching EMA50’s resistance, which put it under negative pressure that forced it to rebound lower again, amid the dominance of the main bullish trend on a short-term basis, with its trading alongside supportive trend line for this track until this moment, on the other hand, we notice the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, providing an opportunity for the recovery on near-term basis.