The (silver) price has slipped low in its last intraday trading, amid the continuation of the negative pressure due to its trading below its EMA50, and under the dominance of sharp bearish correctional wave and its affection by breaking a minor bullish bias on the short-term basis, to break our target at the support of $35.90, reinforcing the chances for recording more of the losses, despite the stability of the (RSI) indicators in oversold levels, which might decrease the sharp losses temporarily.
The (USDCHF) price rose in its last intraday trading, after retesting the main bearish trend line that was broken yesterday, accompanied by its lean on the support of Its EMA50, increasing the gained positive momentum, especially with the reach of the (RSI) to exaggerated oversold levels after its success in offloading its overbought condition that was clear previously.
The (NZDUSD) price settled with a decline in its last intraday trading, after retesting the critical resistance level at 0.6000, after its success in offloading its oversold conditions on the (RSI), after reaching our target at the support at 0.5960, gaining a positive momentum that assisted it to rebound to recover some of its previous losses.
This come with the price affection by breaking a main bullish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, causing the loss of the bullish momentum that assisted the pair to rise in its last intraday trading.
The (AUDUSD) price settled in its last intraday trading, due to its lean on the main bullish trend line on the short-term basis, providing positive momentum that assisted it rebound higher, especially with the emergence of the bullish signals on the (RSI) after reaching oversold levels, facing the threshold of trading below EMA50, which formed a dynamic resistance that prevents its recovery and expanding its gains.