The (NZDUSD) price rose in its last trading on the intraday levels, attempting to correct the main bearish trend, amid its trading alongside supportive trendline on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the recovery on the near-term basis, especially with the relative strength indicators’ reaching overbought levels, exaggeratedly compared to the price move, indicating the beginning of forming negative divergence.
The (AUDUSD) price witnessed strong gains in its last intraday trading, supported by the emergence of the negative signals on the relative strength indicators, after reaching oversold levels, to offload this oversold conditions and attempt to recover some previous losses, amid the continuation of the negative pressure that comes from its trading alongside minor bearish trendline that intensifies the negative pressure on the price.
The (USDCAD) price witnessed fluctuated trading on its last intraday trading , amid the emergence of the negative signals on the relative strength indicators after reaching overbought levels, attempting to gain bullish momentum that may help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the dominance of the main bullish trend with its trading alongside minor trend line on the short-term basis.
The (USDJPY) rose in its last intraday trading, after a bearish journey to look for rising low to help it gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of its recovery on the near-term basis, especially with its move alongside main bullish trend on the short-term basis, besides the beginning of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels, with the emergence of the positive signals, to indicate entering a renewed bullish momentum.