The (USDCHF) price settled with strong gains in its last intraday trading, retesting 0.8040 resistance, supported by the emergence of the positive signals on the relative strength indicators, despite reaching excessive overbought levels compared to the price move, accompanied by reaching the resistance of EMA50, besides testing bearish corrective trend line on the short-term basis, reinforcing the strength of this area, and its importance to detect the upcoming trend.
The (NZDUSD) price rose in its last intraday trading, supported by its continued trading above EMA50, which represents dynamic support that reinforces the stability and dominance of strong bullish corrective wave on the short-term basis, amid the beginning of positive overlapping signals appearance on the relative strength indicators, after offloading its overbought conditions.
The (AUDUSD) price rose in its last intraday trading, amid the continuation of its attempts to breach the key resistance of 0.6615, supported by its continued trading above EMA50, amid the dominance of steep minor bullish wave, indicating the strength and stability of this track, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.
The (USDCAD) price witnessed fluctuated trading in its last intraday trading, due to the stability of the key support level at 1.3940, providing some bullish momentum that helped the price to rebound, with the continuation of the negative pressure due to its trading below EMA50, and under the dominance of steep minor bearish wave on the short-term basis, besides the emergence of the negative signals on the relative strength indicators after reaching overbought levels.