USDCAD suffers negative pressures -Analysis-05-05-2025
The (USDCAD) price witnessed fluctuated trading on its intraday last trading, trading within a minor bearish channel that limits its previous trading on the short-term basis, and the negative pressure that was caused by its trading below EMA50, besides the emergence of the negative signals on the (RSI), on the other hand, the pair is stable until this moment above the critical support level at 1.3780.
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USDJPY attempts to gain positive momentum -Analysis-05-05-2025
The (USDJPY) price declined in its recent intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside the bias line, with the continuation of the positive pressure due to its trading above EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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AUDUSD breaches key resistance -Analysis-05-05-2025
The (AUDUSD) price rose in its recent intraday trading, confirming breaching the critical resistance at 0.6440, amid the dominance of the main bullish trend on the short-term basis, with its continuous trading above EMA50, which reinforces the positive pressures, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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NZDUSD exits a bearish correctional channel’s range -Analysis-05-05-2025
NZDUSD price rose in its recent intraday trading, supported y its trading above EMA50, to exit the range of bearish correctional channel that was limiting its previous trading on the short-term basis, this last rise came after offloading the clear overbought conditions on the (RSI) in the price previous trading.
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