The (USDCHF) price declined slightly in its last intraday trading, after reaching 0.8070, which represents our suggested target in our previous analysis, attempting to gain bullish momentum that might help it to breach this resistance, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this track, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The (NZDUSD) price rose in its last trading on the intraday basis, in attempt to recover previous losses, and attempting at the same time to offload the clear overbought conditions on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline.
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The (AUDUSD) price rose in its last intraday trading, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside supportive trendline for this track, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances for the price recovery on the near-term basis.
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The (USDCAD) price witnessed slight declines in its last intraday trading, after breaching our last suggested target at 1.4000, in attempt to take the profit of its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of negative crossover, to gather its positive strength that might help it to resume its sharp rise again, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trendline for this track.
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