The (USDCHF) price settled with sharp losses in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, leaning on the key support at 0.7925 which represents our expected target in our previous analysis, accompanied by the emergence of negative signals on the relative strength indicators, despite reaching oversold levels.
The (NZDUSD) price surged high in its last intraday trading, affected by the stability of the price on the EMA50’s support, gaining bullish momentum that led it to breach the key resistance at 0.5670, this resistance represents a positive technical formation that formed on the short-term basis (the inverted head and shoulders pattern) adding more positive powers in the upcoming period.
The (AUDUSD) price rose in its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline, with the continuation of the positive pressure that comes from its trading above EMA50, representing dynamic support that reinforces the chances of extending the gains in the upcoming period, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
The (USDCAD) price declined in its last trading on the intraday basis, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, intensifying the negative pressure and suggest more downside moves on the near-term basis.