Brent crude oil settled with consecutive intraday gains, supported by positive signals from the relative strength indicators after they reached heavily oversold levels. This allowed the price to recover part of its previous losses, despite being affected earlier by a short-term ascending trendline breakout and negative pressure from trading below EMA50, which limits the chances of a full recovery in the near term.

The (USDCHF) settled with a series of intraday gains, attempting to recover part of its previous losses. The pair also managed to ease its oversold condition in the relative strength indicators, which are now showing positive signals, despite the continuing negative pressure from trading below EMA50, following an earlier breakout of a short-term bullish trend line that marked the start of a corrective bearish wave.

The (NZDUSD) declined slightly in recent intraday trading after previously pulling back from the key resistance level at 0.5855, which had been our price target in earlier analysis. The pair used this pullback to ease its overbought condition in the relative strength indicators, with the emergence of negative signals, while taking profits and regaining positive momentum that could help it break above this resistance, amid the impact of a short-term bearish trendline breakout.

The (AUDUSD) declined during recent intraday trading in a healthy technical move, as the pair attempts to take profits and regain positive momentum that could help it recover and rise again. At the same time, it is easing its overbought condition in relative strength indicators, especially with the emergence of negative signals, amid a strong short-term corrective wave. The price continues to benefit from positive pressure while trading above EMA50, which supports the pair’s chances of recovering in the near term.