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.
The (USDCAD) price declined in its last intraday trading, to gather the gains of its previous losses, and attempts to gain a positive momentum that might assist it to recover and rise again, beside the attempt to offload its clear overbought condition on the (RSI), especially with the emergence of the negative signals from them, amid the dominance of bullish correctional wave and its affection by breaching a main bearish trend line on the short-term basis, supported by its trading above its EMA50.