The (NZDUSD) price settled on a decline with fluctuating trading on its last intraday levels, amid the dominance of bearish corrective wave on the short-term basis, affected by the negative pressure due to its trading below EMA50, noticing the emergence of the negative signals from the relative strength after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressures.
The (AUDUSD) price declined in its last intraday trading, affected by breaking main bullish trend line on a short-term basis, surpassing EMA50’s support, reinforcing the negative pressures, besides the emergence of negative signals on the relative strength indicators, to increase the chances of deepening the losses on the near-term basis.
The (USDCAD) price rose in it last intraday trading, with the emergence of positive signal from relative strength indicators after reaching oversold levels, attempting to recover some of its previous losses, amid the continuation of the dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside trend line.
The (USDJPY) rose slightly in fluctuated trading on its last intraday levels, amid the attempts of recovering some of its previous losses, besides its attempt to offload its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, affected by breaking main bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the recovery on the near-term basis.