The (NZDUSD) price settled with a decline in its last intraday trading, affected by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, we notice emerging of positive overlapping signals on the (RSI), after reaching oversold levels, to attempt to recover this oversold condition, which assist the pair to settle temporarily.
The (AUDUSD) price kept declining in its last intraday trading, witnessing fluctuated movement affected by breaking the minor bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels, this fluctuated move is caused by the investors hesitation after the severe decline in the beginning of this week trading.
The (USDCAD) price jumped higher in its last intraday trading, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above its EMA50, attacking the critical resistance a t1.3760, the emergence of the positive signals on the (RSI) increases the positive pressure despite reaching overbought levels.
The (USDJPY) price continued the rise in its last intraday trading, to breach the key resistance at 146.00, amid its trading alongside a minor correctional bullish bias line on the short-term basis, supported by its continuous trading above its EMA50, besides the emergence of the positive signals on the overbought levels, which might form a temporary threshold against the quick rise of the pair, due to its neediness to offload some of these overbought conditions.