The (USDCHF) price declined slightly in its last intraday trading, attempting to gain bullish momentum that might help it to rise again, amid the dominance of the bullish correction trend on the short-term basis and its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators.
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The (NZDUSD) price rose in its last intraday trading, attempting to recover some of its previous losses, amid the dominance of main bearish wave on a short-term basis, and the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price recovery on a near-term basis.
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The (AUDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, reaching sever overbought levels compared to the price movement, reaching the resistance of its EMA50, accompanied by testing bearish correction trendline on the short-term basis, intensifying the strength of this area as a resistance against the price’s recovery attempts.
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The (USDCAD) price rose slightly in its last intraday levels, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis, amid the dominance of the bullish trend on the short-term basis and its trading alongside supportive trend line for this track.
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