The (USDCHF) price jumped higher 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, amid the dominance of the main bullish trend and its trading alongside main and minor trendlines, suggesting the stability of this track, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
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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 the main bearish trend and its trading alongside minor steep bearish trendline on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, accompanied by the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, to indicate a quick fading to the bullish momentum.
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The (AUDUSD) price surged higher in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, to breach minor bearish trendline, which pushed it to attack the key resistance at 0.6518, which represents neckline of positive technical pattern is forming ( the double bottom pattern), on the other hand, the price remains under negative pressure that comes from its trading below EMA50, which represents an obstacle against the upcoming recovery attempts.
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The (USDCAD) price slipped lower in its last intraday trading, amid the dominance of steep bearish corrective wave, affected by negative technical formation on the short-term basis (the double top pattern), with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, surpassing the support of its EMA50 in its previous moves, intensifying the negative pressure.
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