The (USDCHF) price rose in its last intraday trading, in an attempt to recover some of its previous losses and offloading some of its oversold conditions on the (RSI), after reaching the critical support of 0.7985, this support represents our target in our previous analysis, providing some bullish momentum due to the stability of this support, amid the dominance of the main bearish trend on the short-term basis.
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The (NZDUSD) price settled high in its last intraday trading, supported by its continuous trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside supportive bias line, preparing to attack 0.5950 resistance, which represents our suggested target, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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The (AUDUSD) price kept rising in its last intraday levels, to breach 0.6595 resistance, which represents our suggested target, taking advantage of the positive pressure due to its trading above EM5A0, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.
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The (USDCAD) price declined in its last intraday trading, looking for a rising low to use it as a base to help it gain bullish momentum that might support it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a support bias line, besides the emergence of the positive overlapping signals on the (RSI), after reaching oversold levels.
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