The (NZDUSD) price settled with a rise in its last intraday trading, after witnessing sharp gains in the end of yesterday’s trading and the beginning of today’s trading, breaching the bearish correctional bias line on the short-term basis, attacking the main resistance level at 0.6000.

Despite this strong rise, the price is still suffering negative pressure due to its trading below EMA50, with the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which suggest forming a negative divergence that might increase the negative pressure on the price.

The (AUDUSD) price extended its gains in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, surpassing the top of a bearish correctional channel that limited the last trading on the short-term basis, attempting to surpass the negative pressure of the EMA50, reinforcing the strength of this area as a resistance that prevent extending the gains easily, to create a strong chance for some of the correctional rebounds that target gathering gains and resuming the rise.

The (USDCAD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, to break the support of the rising wedge pattern, which is a negative technical formation, reinforcing the possibility for extending the bearish wave its upcoming intraday moves in limited way, hence there is strong dynamic support that is represented by its trading above EMA50.

The (USDJPY) price kept declining in its last intraday trading, to break the key support at 146.00, and settle below it until this moment, as a sign of the strength of the dominant negative momentum, especially with the emergence of the negative signals on the (RSI), which indicates the continuation of the selling pressure.

This decline comes with the price approach from breaking a minor bullish bias on the short-term basis, reinforcing the possibilities for extending the bearish wave, the positive support that comes from the trading above EMA50 remains a factor that limits the current decline, or pushes to a temporary technical rebound before resuming the bearish track.