(AUDUSD) rose in its latest intraday trading, due to the stability of the key support at 0.6965, gaining some positive momentum that reinforces the beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold level compared to the price action, with the emergence of positive signals from them, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line.

On the other hand, the price is trading below EMA50, which acts as a dynamic resistance that may obstruct the positive movement of the pair in the upcoming near period.

The USDCAD price declined in its last intraday levels, attempting to look for a higher low to use it as a base to help it gain the required bullish momentum for its recovery, leaning on EMA50’s support, affected by breaching bearish corrective trend line on the short-term basis, reinforcing the likelihoods of the recovery in the near upcoming period.

The USDJPY price declined during its recent intraday sessions, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, gathering its positive strength that might help it resume its strong gains in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.

GBPUSD rose slightly in its recent intraday trading, to recover some of its previous losses, attempting to offload some of its clear oversold levels on the relative strength indicators, especially with the emergence of the positive signals from them.

This comes amid the dominance of steep bearish corrective wave on the short-term basis, with its trading alongside supportive trend line, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery in the near-term basis.