The (USDCHF) price declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, attempting to look for rising low to use it as a base to help it gain the required bullish momentum for its recovery and rise again, to lean on EMA50’s support, reinforcing the chances of the recovery on the near-term basis, especially with the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this track.
The (NZDUSD) price rose strongly in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators, to notice reaching overbought levels, indicating a quick decline for the bullish momentum of he last trading, amid the dominance of bearish corrective wave on the short-term basis, to hit the resistance of EMA50, which might indicate the bullish trend on the intraday basis.
The (AUDUSD) price settles with strong gains in its last intraday trading, preparing to attack the key resistance at 0.6725, representing potential target in our previous analysis, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the strength and dominance of the main bullish trend on the short-term basis, especially with its trading alongside trend line, besides the emergence of the positive signals on the relative strength indicators.
The (USDCAD) price rose in tight range in its last intraday trading, with fluctuated moves after the stability of the key resistance at 1.3800, this resistance was a potential target in our previous analysis, to attempt to gain bullish momentum that might help it to recover and breach this resistance, offloading its overbought conditions on the relative strength indicators, to enter exaggerated oversold levels compared to the price move, to indicate fading the intraday negative pressure, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of bullish corrective wave on the short-term basis.