USDCHF is trading lower during recent intraday sessions, as the pair prepares to break the key support level at 0.7780, which had previously been our price target. This comes amid the dominance of the short-term bearish trend, with price movement aligned along major and minor descending trendlines, while continued trading below the EMA50 adds further downside pressure.

At the same time, negative crossover signals are beginning to appear on the relative strength indicators after the pair partially eased its oversold conditions, supporting the possibility of additional losses.

NZDUSD advanced during recent intraday trading, challenging the current resistance level at 0.5960. The pair is supported by continued trading above the EMA50, which strengthens the dominance of the short-term bullish trend, alongside movement near a supportive ascending trendline. The recent rise also follows the easing of overbought conditions on the relative strength indicators, giving the pair more room to extend gains in the near term.

AUDUSD rose during recent intraday trading after successfully easing overbought conditions on the relative strength indicators, giving the pair more room for additional gains in the near term. The broader short-term uptrend remains in control, supported by movement along an ascending trendline and continued trading above the EMA50, which reinforces positive momentum and supports the extension of gains.

USDCAD remained stable with slight gains during recent intraday trading, as the pair retested the key resistance level at 1.3635 while also touching the EMA50 resistance and testing a major descending trendline. This increases the importance of the current resistance zone, which could determine the pair’s next short-term direction.

At the same time, negative crossover signals are beginning to appear on the relative strength indicators after reaching heavily overbought levels, adding further downside pressure.