USDCHF settles with series of sharp losses during recent intraday trading, surpassing the support of its EMA50, which puts it under negative pressure and reduces the chances of full recovery in the upcoming near period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, which represents a clear sign for the end of the bullish corrective trend in the short-term basis, to begin targeting new support levels in the upcoming near period.

NZDUSD continued to rise during recent intraday trading, confirming a breakout above the 0.5920 resistance level, which had been our previous target. The pair is benefiting from positive momentum as it continues trading above EMA50, reinforcing the stability of the main bullish trend in the short term.

The bullish outlook is supported by movement along an upward trendline and positive signals from relative strength indicators, despite reaching heavily overbought levels.

AUDUSD settles higher during recent intraday trading after regaining the support of its EMA50, benefiting from positive momentum while testing the key resistance level at 0.7170.

The pair continues to trade within a short-term bullish trend supported by a bullish trendline. However, relative strength indicators are beginning to show a negative crossover after reaching overbought levels, which may limit further upside momentum.

USDCAD moved lower during recent intraday trading, breaking below a short-term corrective bullish trendline while also falling under the support of EMA50. This increases negative pressure on the pair and weakens hopes for a near-term recovery.

The bearish outlook is supported by negative signals from relative strength indicators, despite the indicators reaching heavily oversold levels.