The (USDCHF) price settles on limited gains in its last intraday trading, with the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the dynamic and negative pressure that is represented by its trading below EMA50, which reduces the chances of sustainable recovery on near period, with the emergence of the negative signals from relative indicators, after reaching exaggerated overbought levels compared to the price move.
The (NZDUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, with the attempts of looking for higher low to use it as a base to help it gain bullish momentum to rise again. The price is leaning on EMA50’s support, accompanied by its leaning on main bullish trend line on short-term basis, increasing the importance of this support to detect the near-term trend.
The (AUDUSD) price declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, after offloading its oversold conditions, amid the attempts of looking for rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, to lean on EMA50’s support, amid the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this path.
The (USDCAD) price rose in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, gaining bullish momentum that helped it to breach main bearish trend line on short-term basis, reinforcing the chances of extending these gains in the upcoming period, on the other hand,, we notice the emergence of negative overlapping signals from relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.