The (USDCHF) price settled with a rise in its last intraday trading, after surpassing the resistance of its EMA50, surpassing its negative pressure supported by the emergence of the bullish signals on the (RSI), despite reaching overbought levels, approaching from testing the critical resistance level at 0.8250, this level will detect the upcoming trend, moving alongside a bearish correctional trend on the short-term basis.
The (NZDUSD) price rose slightly in its last intraday trading, due to its lean on a significant support level at 0.6025, providing some of the positive momentum that assisted bouncing higher to turn its early gains to slight gains, amid its attempts to gain positive momentum that might assist the recovery and keep the main bullish trend with its trading alongside bias line on the short-term basis, with the continuation of the dynamic support that is represented by its trading above its EMA50.
The (AUDUSD) price declined in its last intraday trading, affected by the stability of the critical resistance at 0.6535, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to attempt to gain a positive momentum that might assist it to breach this resistance, amid the continuation of the positive pressure that comes from its trading above its EMA50, and its trading within a minor bullish channel’s range that limits its last trading on the short-term basis.
The (USDCAD) price rose in its last intraday trading, amid its attempts to correct the main bearish trend with its trading alongside minor bias line on the short-term basis, to test the bias line besides reaching the resistance of EMA50, this comes with the (RSI) indicators’ reaching to exaggerated overbought levels compared to the price move, which increases the negative pressure on the pair’s moves.