The (USDCHF) price rose in its last intraday trading, amid its attempts to correct the main bearish trend on the short-term basis, with its trading alongside a bias line, besides the continuation of the negative pressure that comes from its trading below its EMA50, noticing the formation of a negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals from them, increasing the negative pressure on its upcoming trading.
The (NZDUSD) price rose in its last intraday trading, due to its lean on a bullish trend line on the short-term basis, providing some positive momentum that assisted it to achieve these gains, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels, attempting to get rid of the negative pressure of the EMA50, announcing its full recovery.
The (AUDUSD) price declined in its last intraday trading, due to the continuation of the dynamic resistance that is represented by its trading below EMA50, with the emergence of the negative signals on the (RSI), after the price success to offload its oversold conditions in its previous trading, on the other hand, the main bullish trend dominates the pair’s trading on the short-term basis, and trades alongside a minor bias line that supports its positive move.
The (USDCAD) price witnessed a fluctuated trading in its last intraday trading, due to the stability of the support level at 1.3570, providing some positive momentum to recover its previous losses, attempting to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the positive signals from them, this comes amid the continuation of the negative pressure that comes from its trading below its EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line.