Silver price soared during its last intraday trading, breaching $66.90 key resistance, which represents a target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, besides the emergence of positive signals on the relative strength indicators, despite reaching overbought levels.
The (USDCHF) price witnessed fluctuating trading on its last intraday levels, amid the continuation of the negative pressure due to the trading below its EMA50, and under the dominance of minor bearish waves on the short-term basis, besides the beginning of negative signals emergence from the relative strength indicators, after reaching overbought levels, which intensifies the negative pressures around the price.
The (NZDUSD) price rose in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, after reaching oversold level to offload these conditions, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance and stability of the bearish corrective track on the short-term basis, especially with its trading alongside trend line.
The (AUDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, affected by negative technical formation on the short-term basis that is represented by head and shoulders pattern, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the recovery on the near-term basis.