NZDUSD Rises Above EMA50 as USDCAD Tests 1.4000 Support
Updated
Updated · Economies.com · Jul 20
NZDUSD Rises Above EMA50 as USDCAD Tests 1.4000 Support
3 articles · Updated · Economies.com · Jul 20
Summary
NZDUSD climbed in intraday trade, with price action holding above the EMA50 and reinforcing a short-term bullish corrective trend.
Positive RSI signals supported the move even as the pair approached overbought territory, pointing to scope for further near-term gains.
AUDUSD also advanced above its EMA50 and trend-line support after easing overbought conditions, adding to the broader pro-antipodean tone.
USDCAD slipped toward a break of 1.4000 under bearish pressure below EMA50, while USDJPY pulled back despite staying above EMA50 in a still-bullish short-term structure.