The (USDCHF) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the dominance of the main bearish trend on the short-term basis, especially with its trading alongside steep trendline, besides forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals.
The (NZDUSD) price declined in its last trading on the intraday levels, amid its attempts to look for rising low to take it as a base to gain the required bullish momentum to recover, leaning on the support of its EMA50, accompanied by testing bullish corrective trend line on the short-term basis, the relative strength indicators reached oversold levels and that is reinforcing the chance of a recovery, and indicates forming positive divergence, especially with the emergence of positive overlapping signals.
The (USDCAD) price settled with gains in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, with its trading alongside minor bullish trend line on the short-term basis, to surpass the resistance of its EMA50, to get rid of its negative pressure, and opening the way for targeting new resistance levels in the upcoming period.
The (USDJPY) kept rising in its last intraday trading, taking advantage of the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, besides the continuation of the dynamic support that is represented by its trading above EMA50, which reinforced the stability of the bullish movement in the last period, on the other hand, we notice the beginning of negative signals appearance on the relative strength indicators, after reaching overbought levels, which might reduce the gains in the upcoming period.