AUDUSD Breaks a Key Support Level – Analysis –12-11-2026

The USDCAD pair recorded a series of strong, consecutive gains in its recent intraday trading, successfully breaking above the resistance level of 1.4250, which represented our final price target in previous analysis. This comes amid the dominance of a powerful short-term bullish wave, with positive pressure persisting as the pair trades above EMA50, which provides a dynamic support base that reinforces the prospects of extending these gains in the near term. Meanwhile, positive signals continue to emerge from the relative strength indicators, despite remaining in deeply overbought territory.

The USDJPY pair has been experiencing choppy trading in its recent intraday movements following a series of sharp gains that brought it to the resistance level of 159.80, which we had previously identified as a price target in our earlier analysis. The pair's latest performance suggests an attempt to take profit on its previous gains while simultaneously building positive momentum that could help it break above this resistance. It is also beginning to unwind some of its overbought conditions on the relative strength indicators, particularly with the emergence of an initial bearish crossover, while positive pressure persists as it trades above EMA50, reinforcing the dominance and stability of the main short-term bullish trend.

The GBPUSD pair continued its decline in its recent intraday trading, breaking below the support level of 1.3280, which was a price target in our earlier analysis. This comes amid the dominance of a steep short-term bearish wave, with continued negative pressure from trading below EMA50, which intensifies the bearish pressure and increasing the likelihood of further losses in the near term. This is particularly evident with negative signals continuing to emerge from the relative strength indicators, despite reaching deeply oversold levels.