AUDUSD Attempts to Break Through Stubborn Resistance – Analysis –28-10-2026

The USDCAD pair extended its gains in its latest intraday trading, attempting to cautiously recover some of its previous losses. However, the price has reached resistance at EMA50, threatening these gains and signaling a potential return to the dominance of the short-term corrective bearish trend. This comes as the relative strength indicators begin to show a bearish crossover after reaching deeply overbought territory, which could intensify the negative pressure surrounding the pair.

The USDJPY pair maintained its upward movement in its latest intraday trading, supported by an earlier break above the resistance of EMA50, which has now turned into dynamic support, strengthening the chances of extending the pair’s gains in the near term. This has also restored the dominance and stability of the short-term uptrend, with the price moving alongside a trend line supporting this path.

The GBPUSD pair has suffered a series of consecutive losses in its latest intraday trading, following an earlier break below EMA50, which restored the dominance of the main short-term bearish trend and deepened the pair’s losses. The pair is now poised to break below the key support level at 1.3295, amid continued negative signals from the relative strength indicators, despite having reached deeply oversold territory.