The (USDCHF) price settled on a decline in its last intraday trading, affected by the stability of the key resistance at 0.7975, to keep its trading within sideways range trading, which will detect the upcoming trend when it exit this zone, amid the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

The (NZDUSD) price declined in its last intraday trading, after surpassing its EMA50’s support, increasing the negative pressure on the price and reinforcing the dominance of the bearish corrective trend on the short-term basis.

These pressures increase with the emergence of negative signals on the relative strength indicators after reaching overbought levels, indicating a decline in the bullish momentum to open the way for more intraday decline, if the price fails to regain the trading above the moving average.

The (AUDUSD) price slipped lower in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, forcing the price to break the neck of negative technical formation that formed on the short-term basis ( the head and shoulders patter) to break 0.6605 support, which represents potential target in our previous analysis, to face more negative pressure in the upcoming period.

The (USDCAD) price settled on a rise in it last intraday trading, reaching main bearish trend line on the short-term basis, accompanied by reaching EMA50’s resistance, which reinforces the strength and importance of this level as a resistance might detect the upcoming trend, especially after reaching overbought levels.