AUDUSD settles with sharp losses in its latest intraday trading, as the pair reached 0.7075 support level, which was a price target in our previous analysis, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery in the near-term basis, besides the emergence of the negative signals from the relative strength indicators, intensifying the negative pressures around the price.
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The USDCAD price posted strong gains in its latest intraday trading, reaching the 1.3990 resistance level, which was our price target in previous analysis. This comes amid the dominance of the short-term bullish corrective trend, alongside continued positive pressure from trading above EMA50, which acts as dynamic support and reinforces the chances of further gains.
MoreThe USDJPY price posted sharp gains in its latest intraday trading after breaking above155.20 resistance level, supported by continued positive pressure from trading above EMA50, which provides dynamic support and reinforces the dominance of the short-term bullish corrective trend.
MoreThe GBPUSD price suffered sharp and consecutive losses in its latest intraday trading, breaking1.3435 support level, which was our price target , amid continued negative pressure from trading below EMA50, reinforcing the dominance and stability of the short-term bearish corrective trend.
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