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.
The (USDCAD) price rose in its last intraday trading, surpassing the negative pressure of EMA50, in a key step to recover on the near term basis, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains, attacking the key resistance at 1.3800, which represents a key level to detect the upcoming track.
The (USDJPY) declined in its last intraday trading, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and resume its strong gains again, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.