The (USDCHF) price settles with sharp losses in its last intraday trading, the price reached the key support at 0.7925, which represents our last expected targets, helping it to gain some bullish momentum that helped it to bounce higher, to recover some of previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals.
The (NZDUSD) price witnessed fluctuated trading on its last intraday levels, despite this weak performance remains stable above the key resistance at 0.5800, to confirm breaching this resistance and reinforcing the chances of resuming the gains on the near-term basis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which reduced the last gains.
The (AUDUSD) price rose in its last intraday trading, amid its attempts to breach the suborn resistance at 0.6670, taking advantage of its continued trading above EMA50, representing a dynamic support that reinforces the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside trend line, on the other hand, we notice the emergence of the relative strength indicator, which prevent a smooth rise.
The (USDCAD) price settles with sharp losses in its last intraday trading, testing 1.3755 support, this support represents potential target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might reduce the upcoming losses, and may help it with some bullish rebounds to offload these oversold conditions.
The bearish trend remains dominant on the short-term basis alongside supportive trend line for this track, with the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reducing the chances of full recovery on near-term basis.