The AUDUSD breached the target in our previous forecast -Analysis-29-08-2025
AI Summary
- The AUDUSD price exceeded the suggested target of 0.6535, indicating a strong bullish momentum
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The (AUDUSD) price settled high in its last intraday trading, amid the dominance of bullish correctional wave on the short-term basis, indicating the strength and dominance of the bullish momentum, surpassing 0.6535 resistance, this level represents our suggested target, taking advantage of the dynamic support that is represented by its trading above EMA50, with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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The USDCAD reaches our target-Analysis-29-08-2025
The (USDCAD) price settled high in its last intraday trading, amid the dominance of bullish correctional wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, testing the key support at 1.3745 that represents the target of our previous forecast, on the other hand, we notice the emergence of positive overlapping on the (RSI), after reaching oversold levels, providing chance for catching its breath by intraday correctional rebound to offload this oversold levels.
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The USDJPY gets ready to break critical support -Analysis-29-08-2025
The (USDJPY) declined in its last intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of the bearish correctional trend on the short-term basis, preparing to break the critical support at 146.60, the decline of the price decline came after offloading some of its clear oversold conditions on (RSI) opening the way for recording more downside moves.
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The GBPUSD attempts to gain bullish momentum -Analysis-29-08-2025
The (GBPUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, to offload this overbought condition, gathering its positive strength that might help it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, forming a positive barrier that prevents the positive station of the pair on the near-term basis.
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