The (USDCHF) price witnessed fluctuated tight range trading in its last intraday trading, taking advantage of the positive support due to its lean on the support of its EMA50, with the emergence of the bullish signals on the (RSI), on the other hand, the pair is moving alongside a bearish correctional trend line on the short-term basis, creating a confused trading area that assist to detect the upcoming trend.
The (NZDUSD) price settled low in its last intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels, 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, attempting to gain a bullish momentum that might assist it to recover and rise again.
The (AUDUSD) price declined sharply in its last intraday trading, with the stability of the stubborn and critical resistance level at 0.6535, attempting to gain positive momentum that might assist to breach this resistance, amid the dominance of the main bullish trend and its trading within a minor channel’s range on the short-term basis, supported by its trading above EMA50, which represents a dynamic pressure that keeps the bullish momentum that is surrounded the pair, especially with the emergence of bullish overlapping signals on the (RSI) indicators, after reaching oversold levels.
The (USDCAD) price settled low in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI) after reaching overbought levels, reinforcing the bearish trend scenario.