The (USDCHF) price declined in its last intraday trading, with the emergence of the positive signals on the relative strength indicators, in attempt to look for higher low to take it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of minor bullish wave on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the pair’s recovery on the near-term basis.
The (NZDUSD) price wore green in its last intraday trading, breaching minor bearish trend line on the short-term basis, accompanied by surpassing the resistance of its EMA50, to surpass its negative pressure once, reaching the key resistance level at 0.5690, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (AUDUSD) price surged high in its last intraday trading, affected by breaching minor bearish trend line on the short-term basis, supported by the emergence of the positive signals on the relative strength indicators despite reaching overbought levels, to surpass the negative pressure of the EMA50, reinforcing the chances of extending its gains in the upcoming period.
The (USDCAD) price slipped lower in its last intraday trading, breaking minor bullish trend line on the short-term basis, which puts it under negative pressure on the near-term basis, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, on the other hand, the pair takes advantage of the dynamic support due to its trading above EMA50, forming an obstacle that prevent its turn to the bearish trend in the upcoming session.