The (USDCHF) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence, indicating a quick fading to the bullish momentum, especially with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, with its trading within bearish corrective channel’s range on the short-term basis.

The (NZDUSD) price declined in its last intraday trading, after reaching 0.5750 resistance, which represents our expected target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that may help it to breach this resistance, amid the dominance of strong bullish corrective wave on the short-term basis.

The (AUDUSD) price rose in its last intraday trading, with the emergence of overbought conditions, amid the dominance of steep bullish corrective wave on the short-term basis, indicating the dominance of this track, especially with dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price’s recovery.

The (USDCAD) price extended its cautious gains in its last intraday trading, to recover some of its previous losses, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice that the relative strength indicators have reached overbought levels exaggeratedly compared to the price move, to indicate the beginning of forming negative divergence, which will intensify the negative pressure.