USD/JPY price skidded in latest intraday trading while exposed to negative pressure after touching the resistance of the 50-candle SMA, accompanied by negative signals emerging from the Stochastic after reaching overbought levels, with the price thus piercing the upward correctional trend line in the short term, opening the door for more losses.
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USD/CAD price engaged in sideways trading in the intraday levels while exposed to negative pressure after bumping into the resistance of the 50-candle SMA, bouncing lower and leaning on the support of 1.4240, readying to breach it, especially with negative signals emerging from the Stochastic after the price successfully vented off oversold saturation there.
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AUD/USD price rose in latest intraday trading in an attempt to recoup some recent losses, while moving within a descending secondary price channel in the short term, with negative signals emerging from the Stochastic after reaching overbought levels compared to the price’s movements, as the price also suffers ongoing negative pressure due to trading below the 50-candle SMA.
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NZD/USD price engaged in highly volatile trading in the intraday levels after managing to exit the descending correctional price channel in the short term yesterday, however, it quickly bounced lower after the current resistance of $0.5762 held on, as the price tries to gather positive momentum that could help it pierce that resistance, thus leaning on the support of the 50-candle SMA and bouncing higher once more after receiving a boost.
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