The USD/JPY pair kept rising in latest intraday trading, while boosted by moving within an ascending correctional price channel in the short term, as the price settles above 150.00, underpinning the positive scenario, with ongoing positive support due to trading above the 50-candle SMA.
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The USD/CAD pair gained modest ground in latest intraday trading, in an attempt to vent off oversold saturation in the Stochastic as positive signals emerge from it.
Despite the gains, the price is still moving within a descending secondary price channel in the short term, with negative pressure due to trading below the 50-candle SMA, bolstering the likelihood of declining once more.
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The AUD/USD price edged lower in latest intraday trading, hurt by the negative Rising Wedge pattern, which formed recently in the short term, with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements, while the price continues to trade below the 50-candle SMA, heaping even more pressure.
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The NZD/USd price fell in latest intraday trading, hurt by exiting an ascending price channel in the short term, with the downward correctional trend reinforced as it trades below the 50-candle SMA, while negative signals emerge once more from the Stochastic after the price managed to vent off oversold saturation there in previous trading.
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