Silver price surged higher in its last intraday trading, reaching $61.50 resistance that represents our previous analysis, amid full dominance for the main bullish trend on the short-term basis, with its trading alongside supportive main and minor trend lines for this track, besides the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which reduces the upcoming gains.
The (USDCHF) price fluctuated in its last intraday trading, amid its attempts to gain bullish momentum that might help it to breach the key resistance at 0.8070, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside supportive minor trend line for this trend, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which supports this fluctuated trading.
The (NZDUSD) price witnessed a decline in its last intraday trading, affected by the negative signals of the relative strength indicators after reaching overbought levels, this decline comes with the price attempt to regather the required bullish momentum to keep its main bullish trend that dominates the trading on the short-term basis.
Despite the intraday decline, the price is leaning on key dynamic support that is represented by its trading above EMA50, reinforcing the possibilities of the recovery and resuming the rise in the upcoming sessions.
The (AUDUSD) price declined in 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 might help the price to keep the dominant main bullish track on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of recovery on the near-term basis.