The (USDCHF) price rose in its last intraday trading, supported by the emergence of the bullish signals on the (RSI), but we notice reaching overbought levels, which suggest the decline of this momentum especially with the price move alongside a bearish bias line on the short-term basis, with the continuation of the negative pressure of its trading below its EMA50, which makes us suggest that the last rise was an attempt for correcting this dominant bearish trend.
The (NZDUSD) price settled with a decline in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support that is represented by its trading above its EMA50.
This decline came due to the stability of the critical resistance at 0.6070, to attempt to gain positive momentum that might assist it to breach this resistance and also attempt to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them.
The (AUDUSD) price witnessed fluctuated trading that preferred the decline in its last intraday trading, due to the stability of the critical resistance level at 0.65355, to lean on the support of EMA50, gaining some positive momentum that is required for its recovery, which assisted it to bounce higher to reduce its early losses, amid the dominance pf the main bullish trend on the short-term basis alongside a bias line, on the other hand, the negative signals emerge on the (RSI), in attempt to offload the overbought conditions.
The (USDCAD) price rose in its last intraday trading, after reaching our target at the support of 1.3540 yesterday, gaining a positive momentum due to the stability of this support, to attempt to recover some of its previous losses as a correction for the main bearish correction on the short-term basis amid its trading alongside a bias line, and it is attempting to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the positive signals, this comes with the continuation of the negative dynamic pressure that is represented by its trading below EMA50.