AUDUSD Retests a Bearish Corrective Trendline – Analysis – 18-09-2026

The USDCAD price is experiencing volatile trading in its latest intraday levels while maintaining its strong gains from previous movements. At the same time, the pair is attempting to ease its overbought conditions in the relative strength indicators, particularly as negative signals emerge from them, allowing it to gather fresh bullish momentum that may help it break through the current resistance at 1.3990. This comes amid continued positive pressure resulting from trading above EMA50, while the price is also supported by a positive technical formation that developed earlier in the short term, namely a double-bottom pattern.

The USDJPY price rose in its latest intraday trading, amid the dominance of a short-term bullish corrective wave, coinciding with continued trading above its 50-period simple moving average, which provides the price with dynamic support that reinforces the chances of extending these gains in the near term.

The GBPUSD price rose slightly in its latest intraday trading, affected by the stability of the 1.3340 support level, which was a price target in our previous analysis, providing some bullish momentum, which it is attempting to use to recover part of its previous losses. At the same time, the pair is attempting to ease some of its clear oversold conditions in the relative strength indicators, particularly with positive signals emerging from them, amid the dominance of the short-term bearish corrective trend. This comes with continued negative pressure resulting from trading below EMA50, which intensifies the negative pressure surrounding the pair and threatens to send these gains lower again in the near term.