The (USDCHF) price declined in its last intraday trading, with negative pressure due to its trading below EMA50, leaning in the support of bullish corrective trendline on the short-term basis, as a last chance for the price to gain the required positive momentum to recover and rise, amid the dominance of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price movement, to indicate forming a positive divergence.
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The (NZDUSD) price managed to recover its early losses and turned it into gains on its last intraday levels, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline, with the continuation of its trading above EMA50, reinforcing the positive pressure around the price, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The (AUDUSD) price rose in its last intraday trading, due to its leaning on the support of its EMA50, gaining bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the relative strength indicators, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trendline.
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The (USDCAD) price declined in its last intraday trading, due to the stability of the critical resistance at 1.3955, with the emergence of negative signals on the relative strength indicators. The price attempts to gain bullish momentum that might help it to recover and breach this resistance, amid the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of the main bullish trend on a short-term basis.
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