The NZDUSD price declined slightly in its last intraday trading, in a correctional move to gain some of the previous rise’s gains, besides the price attempt to gain positive momentum that reinforces the chances for recovery later.

This decline appeared at the same time with the appearance of clear overbought signals on the (RSI), accompanied with the beginning of forming negative overlapping conditions that might reflect temporary pressures, while the price remains generally positive, supported by its trading above EMA50, and under the domination of the main bullish trend on the short-term basis.

Therefore, our expectations suggest the NZDUSD rise in its upcoming intraday trading, conditioned by the stability of the support level at 0.5940, to target the key resistance at 0.6030 preparing to attack it.

The expected trading range is between 0.5955 support and 0.6030 resistance.

Today’s forecast: Bullish

The AUDUSD rose in its last intraday trading, to return to settle again above the critical resistance at 0.6390, as a clear signal for a potential recovery, despite its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.

Despite this positivity, the (RSI) indicators show some warning signs, with it reach to excessive overbought areas, and the appearance of negative overlapping signals that might decelerate the strength of the upside track, which opens the way towards potential correctional rebounds.

Therefore, the stability of the AUDUSD price above 1.6390 reinforces the positive overview on the intraday basis, to target the next resistance at 0.6500, and monitor any potential correctional moves that might be caused by the current overbought conditions.

The expected trading range is between 0.6330 support and 0.6460 resistance.

Today’s forecast: Bullish

The USDCAD fluctuated in its last intraday trading, where the price moved around EMA50, to gain the required positive momentum to complete its bullish correctional wave, supported by its stability above the solid support level at 1.3840.

The technical indicators reinforce this scenario, especially with the beginning of positive overlapping signal appearance on the (RSI), after reaching exaggerated oversold levels compared to the price move, which reinforces the possibility for forming positive divergence that supports the continuation of the correctional rise.

Therefore, our expectations suggest more of the upside moves in the USDCAD price in the upcoming intraday trading, conditioned by its stability above 1.3840, to target the key resistance at 1.3975.

The expected trading range is between 1.3825 support and 1.3930 resistance.

Today’s forecast: Bullish

The USDJPY moved higher in its last intraday trading, support by positive technical factors, initially, its continuous stability above its EMA50, besides the emergence of the positive signals on the (RSI), after the pair’s success in offloading its overbought conditions.

This bullish move comes within the positive momentum that caused by the exit from a minor bearish channel range on a short-term basis, reinforcing the chances for recovery and targeting higher levels in the upcoming trading.

Therefore, our expectations suggest more of the upside moves in the USDJPY price in the upcoming intraday trading, conditioned by its stability above 142.25, to target the key resistance at 144.00.

The expected trading range is between 142.25 support and 144.00 resistance.

Today’s forecast: Bullish