The USDCAD pair continued to rise during recent intraday trading, attempting to recover some of its previous losses. The latest upward move brought the price to retest the key resistance level at 1.3700. This coincides with a test of the EMA50 resistance, as well as a short-term corrective descending trendline, making this level crucial in determining the pair’s next direction in the near term.

The AUDUSD pair declined during recent intraday trading and is now preparing to break the key support level at 0.7120. This comes amid a short-term bearish corrective wave, with the pair moving along a descending trendline that supports this downward path. Negative and dynamic pressure remains in place as the price continues to trade below EMA50, increasing the downside pressure on the pair, reinforced by negative signals from the relative strength indicators, despite reaching deeply oversold levels.

The GBPUSD price continued to decline during recent intraday trading, confirming the break below the key support level at 1.3480. This comes amid a short-term bearish corrective wave, with ongoing negative pressure as the pair continues to trade below EMA50, which intensifies the downside pressure surrounding the pair. This is further supported by continued negative signals from the relative strength indicators, increasing the likelihood of deeper losses in the near term.

The NZDUSD pair continued its decline during recent intraday trading, remaining under sustained bearish pressure as it trades below its EMA50, which continues to limit any recovery attempts in the near term. The pair is now approaching the key support level at 0.5850, which represents the neckline of a developing bearish technical structure (a triple top pattern) on the short-term timeframe.

The EURUSD price declined during its recent intraday trading, reaching the support level at 1.1670, which was identified as a price target in earlier analysis. As this support held firm, the pair gained some positive momentum, allowing it to rebound upward to recover part of its losses.

The dollar index hovered around 98.8 on Friday and was on track for its first weekly gain in three weeks, as stalled US-Iran peace efforts supported demand for the safe-haven currency.President Donald Trump said in a social media post on Thursday that he had ordered the US Navy to “shoot and kill”…

Scotiabank strategists Shaun Osborne and Eric Theoret note the Pound (GBP) is marginally softer versus the US Dollar (USD) but outperforming most G10 currencies, supported by better‑than‑expected United Kingdom (UK) Purchasing Managers’ Index (PMI) data.

Market Analysis by covering: US Dollar Japanese Yen, US Dollar Index Futures, Crude Oil WTI Futures, Brent Spot US Dollar. Read ‘s Market Analysis on Investing.com

The NZD/USD pair trades with a negative bias near the 0.5860 area on Friday, April 24, as the US Dollar (USD) remains supported despite a slight loss of momentum in the broader index.

According to ChainCatcher, data from a certain exchange shows that the US Dollar Index (DXY) surged nearly 20 points within 15 minutes, now quoted at 98.8 | Bitget crypto news!