(AUDUSD) rose in its latest intraday trading, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the positive pressure due to its trading above EMA50, which represents a dynamic support that reinforces the chances of extending these gains in the near upcoming period, especially with the emergence of positive overlapping signals from the relative strength indicators, after offloading some of its overbought conditions.

The USDCAD price declined slightly during its recent intraday trading after hitting resistance of EMA50, accompanied by testing a short-term corrective bearish trend line, pushing the pair to enter profit-taking activity following a strong series of gains recorded during yesterday’s session.

This movement also coincided with the pair’s attempts to ease overbought conditions on the relative strength indicators, which have started to send negative signals with the emergence of a bearish crossover. This could limit bullish momentum in the near term. Nevertheless, the pair’s future direction remains dependent on its ability to overcome the current technical resistance levels and regain positive momentum.

The USDJPY price witnessed volatile trading that leaned slightly higher during its recent intraday sessions, supported by the technical support resulting from trading above EMA50, which continues to act as dynamic support and reinforces the strength and stability of the main short-term bullish trend.

The relative strength indicators support the positive outlook, with bullish signals continuing to emerge, reflecting improving buying momentum and increasing the chances of further gains in the near term, as long as the pair remains stable above the current technical support levels.

GBPUSD settles with consecutive losses in its recent intraday trading, amid the attempts of looking for a higher low to use it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, with the beginning of positive overlapping signals emergence on the relative strength indicators, despite not reaching oversold levels corresponding to the pair’s movement, as a signal to begin forming positive divergence that reinforces the chances of near-term recovery.