The AUDUSD pair remains under pressure in recent intraday trading, reaching the key support level at 0.6980, which had been one of our previously projected downside targets. The move comes amid continued negative signals from relative strength indicators, despite their presence in deeply oversold territory.

The bearish outlook remains intact as the pair continues to trade below the EMA50, reinforcing the dominant short-term downtrend. Price action also continues to move along a descending trend line, highlighting the strength of the current bearish structure and maintaining downside pressure.

The USDCAD pair fluctuated during recent intraday sessions as it attempted to build positive momentum that could support a renewed recovery and upward move, supported by the dominant short-term bullish trend and continues to trade above EMA50, which maintains positive pressure. Relative strength indicators show a positive crossover after reaching deeply oversold levels, suggesting the formation of a bullish divergence, strengthening positive sentiment and increasing the likelihood of additional gains in the near term.

The USDJPY pair remains slightly lower in recent intraday trading after successfully easing its overbought conditions on relative strength indicators. While the indicators continue to generate negative signals, the pair appears to be building fresh positive momentum, resulting in a period of consolidation and price fluctuation.

The broader technical outlook remains bullish, supported by the dominant short-term uptrend and price movement along an ascending trend line. In addition, the pair continues to trade above the EMA50, which provides ongoing positive support and strengthens the likelihood of renewed gains in the near term.

The GBPUSD pair witnessed fluctuating trading during recent intraday sessions as it retested the key resistance level at 1.3250. This comes after an attempt to correct the dominant short-term bearish trend, while negative pressure remains in place due to trading below the EMA50, which continues to act as a dynamic resistance and limits the chances of a sustained recovery.

Adding to the bearish outlook, relative strength indicators have started to form a bearish divergence, accompanied by a negative crossover, reinforcing downside pressure and signaling weakening bullish momentum.