The (NZDUSD) price declined in its last intraday trading, after surpassing its EMA50’s support, increasing the negative pressure on the price and reinforcing the dominance of the bearish corrective trend on the short-term basis.

These pressures increase with the emergence of negative signals on the relative strength indicators after reaching overbought levels, indicating a decline in the bullish momentum to open the way for more intraday decline, if the price fails to regain the trading above the moving average.

The (AUDUSD) price slipped lower in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, forcing the price to break the neck of negative technical formation that formed on the short-term basis ( the head and shoulders patter) to break 0.6605 support, which represents potential target in our previous analysis, to face more negative pressure in the upcoming period.

The (USDCAD) price settled on a rise in it last intraday trading, reaching main bearish trend line on the short-term basis, accompanied by reaching EMA50’s resistance, which reinforces the strength and importance of this level as a resistance might detect the upcoming trend, especially after reaching overbought levels.

The (USDJPY) rose in its last intraday trading, reaching the resistance of EMA50, amid the dominance of the bearish corrective trend on the short-term basis and the trading within channel’s range that limited its previous trading, after reaching exaggerated overbought levels compared to the price move, with the emergence of negative overlapping signals, intensifying the negative pressure on the near-term basis.