The (USDCHF) price slipped lower in its last intraday trading, due to the stability of 0.8040 resistance, attempting to look for a higher low to use it as a base to help it gain the required bullish momentum for its recovery, to lean on EMA50’s support, accompanied by testing bullish corrective trend line on short-term basis, intensifying the strength of this area as a key support that will effect the upcoming track, with the emergence of positive signals from relative strength indicators, after reaching oversold levels.
The (NZDUSD) price surged high in its last intraday trading, surpassing the top of bearish corrective channel that limited its previous trading on short-term basis, accompanied by surpassing EMA50’s resistance, intensifying the importance of this rise to change the track in a near-term basis if it manages to keep it, especially after offloading its overbought conditions on relative strength indicators, especially with the emergence of positive overlapping signals from there.
The (AUDUSD) price rose slightly in its last intraday trading, due to the stability of 0.6680 key support, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, surpassing the support of minor bullish trend line on short-term basis.
The (USDCAD) price declined in its last intraday trading, amid the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this track, attempting to gain bullish momentum that might help it to recover and rise again, and it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there.