AUDUSD Continues to Decline Within a Corrective Wave – Analysis – 16-09-2026

USDCAD extended its gains in its latest intraday trading, supported by its earlier breakout above a major short-term bearish trendline, while benefiting from positive support from trading above EMA50, which acts as dynamic support and reinforces the chances of extending these gains in the near term. This comes as positive signals begin to emerge from the relative strength indicators after offloading the overbought conditions, opening the way for targeting new resistance levels.

USDJPY continued to rise in its latest intraday trading, attempting to correct the main bearish trend, supported by positive signals emerging from the relative strength indicators, accompanied by breaching EMA50’s resistance, which has turned into dynamic support, reinforcing the chances of extending the corrective gains in the near term, particularly after breaching the key resistance of 155.20 level.

GBPUSD declined during its latest intraday trading, breaking the key support of 1.3475, amid the continuation of the negative pressure that comes from its trading below EMA50, which acts as dynamic resistance that reinforces the dominance and stability of the bearish corrective trend on the short-term basis, especially with its trading alongside supportive trend line for this path.