The (NZDUSD) price settled low in its last intraday trading, however it remains stable at the stubborn critical resistance at 0.6075, to confirm breaching this resistance, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the beginning of negative overlapping signals’ appearance on the (RSI), after reaching overbought levels but it is less that the price move, which provides signals for forming a negative divergence that might affect the pair’s movement negatively.
The (AUDUSD) price settled low in its last intraday trading, gathering the gains of its previous rises, and attempting to gain bullish momentum that assists it to rise again by offloading its clear overbought conditions on the (RSI), amid the dominance of the main bullish trend on the short-term basis, supported by its continuous trading above its EMA50.
The (USDCAD) price settled low in its last intraday trading, after breaking the significant support level a t1.3630, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the beginning of the positive signs emergence on the (RSI), after reaching oversold levels to attempt to offload some of this condition, assisting it to settle temporarily.
The (USDJPY) price continued the decline in its last intraday trading, preparing for breaking the current support level at 143.65, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after the price success in offloading its oversold condition, which open the way for recording more of the downside moves.