(NZDUSD) moves in sideways range trading in its recent intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reinforces the dominance and stability of the main bearish trend on the short-term basis, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.
(AUDUSD) declined in its latest intraday trading, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside main and minor trend lines that support this path, beside ongoing negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the chances of a recovery in the near period, especially with the emergence of the negative signals from the relative strength indicators.
USDCAD rose in its last intraday trading, approaching the key resistance at 1.4245, which was a potential target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis, with the trading alongside supportive minor trend line for this path, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, and the pair gets advantage from its trading above EMA50, which provides dynamic support that reinforces the chances of this breach.
USDJPY rose in its last intraday trading, despite the negative signals from the relative strength indicators, after reaching overbought levels, which makes the price attempt to offload this overbought conditions, which didn’t affect the pair’s performance, as a clear signal for the strength of the bullish track, especially with the continuation of the dynamic support that is represented by its trading above EMA50, which provides renewed momentum to reinforce the chances of extending these gains in the upcoming period.