(AUDUSD) rose in its latest intraday trading, supported by its continued trading above EMA50, which represents a dynamic support that helped it to breach a minor bearish trend line on the short-term basis, as a strong signal that show the price intention to resume this corrective rise, on the other hand, negative overlapping signals began to appear on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.
USDCAD rose in its last intraday trading, affected by its stability on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, preparing to reach the key stubborn resistance at 1.4245, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor trend line that supports the positive trend, to notice the new bullish momentum that may push the pair to breach this resistance in the upcoming near period.
USDJPY declined in its last intraday trading, to gathers the gains of its previous rises, to attempt to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it to resume its strong gains in the upcoming near period, with a dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis.
GBPUSD kept rising in its recent intraday trading, amid the dominance of the bullish corrective trend on the short-term basis with its trading alongside supportive trend line, with the continuation of the positive pressure that comes from its trading above EMA50, which represents a dynamic support that reinforces the chances of extending these gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.