USDCAD surrounded by negative pressures-Analysis-29-04-2025
USDCAD declined in its last intraday trading, affected by its move within a minor bearish channel’s range on the short-term basis, amid the continuation of the negative signals appearance on the (RSI), despite reaching oversold levels.
Breaking the support of EMA50 increased the negative pressures, which reinforces the possibilities for the continuation of the downside track in the upcoming trading.
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AUDUSD settles near its highest levels in four months -Analysis-29-04-2025
AUDUSD rose in its last intraday trading, taking advantage of its stability above the support level at 0.6390, besides its stability above the EMA50.
This positive performance comes supported by the continuation of the main bullish trend on the short-term basis, besides the price move alongside a minor bullish bias line, and the emergence of the positive signals on the (RSI).
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NZDUSD gathers its positive strength -Analysis-29-04-2025
NZDUSD declined in its last intraday trading, in attempt to gain positive momentum that supports its recovery and rising again, leaning on the support of the EMA50, supported by the emergence of the positive signals on the (RSI).
This comes after the dominance of the main bullish trend on the short-term basis, where the prices move within a positive technical pattern- the symmetrical triangle pattern, which reinforces the chances for moving higher if the price succeeded to breach the top of this pattern.
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USDCHF attempts to recover some of its losses -Analysis-29-04-2025
USDCHF rose slightly in its last intraday trading, after leaning on the support of its EMA50, which provided positive momentum, to use it in attempt to recover some of previous losses and attempting to offload some of its clear oversold conditions on the (RSI).
This comes after the pair’s sharp decline in its previous trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trend line.
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