The (USDCHF) price extended its gains in its last intraday trading, to breach the main bearish trend line on the short-term basis, accompanied by surpassing the resistance of its EMA50, surpassing its negative pressure, which provided more of the positive momentum to keep rising despite the stability of the (RSI) indicators in overbought levels, which proofs the dominance of the buying strength on the price.
The (NZDUSD) price declined in its last intraday trading, after its failure to get rid of the negative pressure of the EMA50, after it succeeded in offloading its oversold conditions on the (RSI), providing larger space for recording more of the losses, especially with the beginning of the negative signals appearance, to break a main bullish trend line on the short-term basis, increasing the negative pressure around it.
The (AUDUSD) price declined in its last intraday trading, after the stability of the critical and stubborn resistance at 0.6535, which forced the price to decline surpassing the support of its EMA50, which make the pair’s recovery difficult, especially with the emergence of the negative signals on the (RSI) after reaching overbought levels, on the other hand, the bullish trend remains the dominant with its trading alongside a bias line.
The (USDCAD) price kept rising in its last intraday trading, affected by breaching a main bearish trend line on the short-term basis, supported by its continuous trading above its EMA50, forming a dynamic support that keeps the stability of the pair’s positivity, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.