AUDUSD Price is Attacking Key Resistance – Analysis – 31-07-2026

The USDCAD price rose in its last intraday trading, affected by the stability of 1.4000 support level, which was a price target in our previous analysis, attempting to recover some previous losses, and attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery in the near-term basis, with the dominance of the bearish corrective trend on the short-term basis.

The USDJPY pair rose during its latest intraday trading, supported by the pair’s rebound from a major medium-term ascending trendline, which provided positive momentum and helped it recover some of the losses incurred during the previous session. However, the pair remains under pressure from its EMA50, which represents dynamic resistance and reduces the chances of a full recovery in the near term, while also raising the risk of deeper losses, especially amid continued negative signals from the relative strength indicators.

The GBPUSD pair edged slightly lower during its latest intraday trading, taking a breather after its previous gains and attempting to build positive momentum that could help it resume its strong advance in the near term. At the same time, the pair is attempting to ease some of its overbought conditions on the relative strength indicators, particularly with the beginning of a bearish crossover, while positive support remains in place as the pair continues to trade above its EMA50, reinforcing the chances of a renewed rise.