AUDUSD fluctuated within a narrow range during recent intraday sessions as the pair attempts to gather positive momentum for a potential move toward higher resistance levels.

The pair remains supported by trading above EMA50, reinforcing the dominant short-term bullish trend. Price action also continues to follow an ascending trendline, adding further support to the positive outlook.

USDCAD moved higher during recent intraday trading after finding support at EMA50, helping the pair regain positive momentum and continue within a short-term corrective uptrend.

The pair remains supported by an ascending trendline, while offloading the overbought conditions on the relative strength indicators opens the way for further gains in the near term.

USDJPY continued its upward movement during recent intraday trading, breaking above the 159.80 resistance level, which was our previous target. The pair remains supported by a short-term bullish corrective trend and continues to trade above EMA50, reinforcing positive momentum.

However, relative strength indicators are beginning to show a bearish crossover after reaching overbought levels, raising the possibility of limited corrective pullbacks and profit-taking activity.

GBPUSD fluctuated within a narrow range during recent intraday sessions as relative strength indicators continued to issue negative signals after reaching overbought levels. The pair appears to be easing this condition in an attempt to regain positive momentum.

The pair is currently supported by EMA50, which strengthens the chances of a renewed upward move, especially as prices continue to trade along a short-term ascending trendline.