The (USDJPY) pair’s price continued its decline in its recent intraday trading, breaking the key support level at 144.55. This confirms the dominance of the bearish trend, accompanied with the trading along a minor trend line on the short-term. also, there are negative signals have emerged from the Relative Strength Index (RSI), despite it reaching the oversold levels.
The (USDCAD) declined in its recent intraday trading, amid a complete dominance of the bearish trend and trading along a trend line on the short- term basis. This decline comes with continued negative pressure, due to the trading below the EMA50. The recent price drop followed an attempt to alleviate some of the clear oversold conditions indicated by the Relative Strength Index (RSI), especially with the emergence of positive signals. However, the price quickly resumed its decline, indicating the dominance of this negative trend.
The AUDUSD pair moved higher in its recent intraday trading, but we notice the weakness in in the last two candles (on the 4-hour), as the price approaches the key resistance level of 0.6250, beside the emergence of negative signals from the relative strength indicators (RSI), which have reached overbought areas, increasing pressure on the pair’s upward movement. However, the pair continues to receive positive support from trading above the EMA50.
The NZDUSD pair extended its upside movement in its recent intraday trading, after successfully breaching the current resistance level at 0.5760. This rise comes under the influence of a strong bullish wave, supported by the continuation of the trading above the EMA50, beside the emergence of positive signals from the relative strength indicators (RSI), despite its stability in the overbought areas.