AUDUSD Extends Its Gains – Analysis –29-10-2026

The USDCAD pair continued to decline in its latest intraday trading after previously encountering resistance at its EMA50, exposing it to negative pressure. The latest decline pushed the pair below the important support level of 1.4000, intensifying the negative pressure surrounding it, particularly amid negative signals from the indicators, which reinforce the dominance and stability of the short-term corrective bearish trend.

The USDJPY pair declined in its latest intraday trading amid negative signals from the relative strength indicators after they reached severely overbought levels. With this latest decline, the pair is testing support at EMA50, representing its last opportunity to gain the positive momentum needed to resume its recovery and rise again, amid the dominance of the short-term corrective uptrend, with the pair moving alongside a trend line supporting this path.

The GBPUSD pair extended its gains in its latest intraday trading, supported by positive signals from the relative strength indicators. With this performance, the pair is attempting to recover some of its previous losses. However, negative pressure persists as the pair continues to trade below EMA50, maintaining downside pressure and threatening these gains in the near term, particularly as the relative strength indicators enter extremely overbought territory relative to the pair’s price action, signaling a potential rapid loss of the current positive momentum.