The AUD/USD pair was noticeably volatile in intraday trading but moved alongside the upward secondary trend line in the short term, boosted by trading above the 50-candle SMA, coupled with positive signals from the Stochastic after reaching oversold levels.
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The USD/CAD pair advances in intraday trading within a secondary descending price channel that provided a recent boost towards its current resistance. The price is now facing increasing pressure as it trades below the 50-candle SMA, with negative signals from the Stochastic after reaching overbought levels.
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The USD/JPY pair tumbled after testing the resistance of 150.10, ending the negative harmonic pattern mentioned before in our previous analyses, the Gartley pattern, in turn putting the price under pressure, especially amid negative signals from the Stochastic.
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The GBP/USDpair rose in intraday trading and pierced the resistance of $1.2985, buoyed by trading within a secondary price channel, and under the dominance of the main upward trend, with positive signals from the Stochastic after the pair vented off overbought saturation that was apparent previously, with ongoing positive support due to trading above the 50-candle SMA.
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