USDCHF settles with strong gain in recent intraday trading, approaching the key resistance level at 0.8000, amid the dominance of short-term bullish trend, supported by positive signals from relative strength indicators.

Additional support comes from trading above the EMA50, which acts as a dynamic support base and strengthens the chances of further upside in the near term.

NZDUSD moved higher in recent intraday trading after holding above the key support level at 0.5780. This support provided positive momentum that helped the pair recover part of its previous losses while easing some oversold conditions in relative strength indicators, which have started to show positive signals.

Despite the rebound, the short-term bearish trend remains dominant, with price action moving along a descending trendline that reinforces this direction. In addition, trading below the EMA50 continues to create negative pressure and limits the chances of a full recovery in the near term.

AUDUSD rose in recent intraday trading as the pair attempts to recover part of its previous losses while easing oversold conditions in relative strength indicators. Positive signals have started to emerge from these indicators, supporting a short-term rebound.

However, the pair continues to trade below its EMA50, which remains a key dynamic resistance level and reinforces the dominant short-term bearish trend. Price action also continues to follow a descending trendline, further supporting the negative outlook.

USDCAD surged high in recent intraday trading, breaching 1.4075 resistance, which was our latest upside target. The pair remains firmly supported by the dominant short-term bullish trend, trading along an ascending trendline while holding above its EMA50, which continues to provide positive dynamic support.

Despite the strong upward momentum, caution is warranted as relative strength indicators have begun to show a bearish crossover after reaching heavily overbought levels. This may limit the pace of further gains in the near term.