The (USDCHF) price rose in its last intraday trading, due to the stability of the support level at 0.7970, gaining some bullish momentum to recover some of its previous losses, and attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, affected by breaking minor bullish trend line on the short-term basis.
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The (NZDUSD) price declined in its last intraday trading, affected by the stability of the key resistance at 0.5670, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching clear overbought levels.
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The (AUDUSD) price surged higher in its last intraday trading, attacking the key resistance at 0.6560, this resistance was a potential target in our previous analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline, besides the emergence of the positive signals on the relative strength indicators.
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The (USDCAD) price declined in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price’s recovery on the near-term basis, preparing to break the key support at 1,4000, after offloading its oversold conditions on the relative strength indicators, with the emergence of negative overlapping signals.
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