AUDUSD Confirms Our Price Target – Analysis –03-11-2026

The USDCAD pair maintained its recent gains during its latest intraday trading, attempting to recover part of its previous losses. This recovery was driven by positive signals from the relative strength indicators, which have entered extremely overbought territory relative to the pair's price action, providing a strong indication that this positive momentum may quickly fade, threatening the recent gains with a potential reversal. This is particularly relevant as the pair is currently testing EMA50’s resistance, which acts as dynamic resistance, reinforcing the dominance and stability of the short-term bearish corrective trend.

The USDJPY pair has been trading unevenly within a narrow range in its latest intraday movements, attempting to build positive momentum that could help it recover and resume its upward movement. This comes amid continued positive support from trading above EMA50, reinforcing the dominance and stability of the short-term bullish trend. Meanwhile, the relative strength indicators are showing positive signals after the pair successfully eased some of its overbought conditions, giving it more room for further gains in the near term.

The GBPUSD pair declined in its latest intraday trading, pressured by the resilience of the pivotal resistance level at 1.3405, alongside negative signals from the relative strength indicators, as the pair attempts to build positive momentum that could help it recover and break above this resistance.