The AUDUSD pair declined during its latest intraday trading following the firm resistance at the key level of 0.7090, which had been a projected price target in our previous analyses. The pair is currently undergoing a profit-taking phase after its recent gains, while attempting to regain positive momentum that could help it breach this resistance, amid the dominance of the bullish corrective trend on short-term basis, with continued positive pressure as the price remains above EMA50, reinforcing the stability of this bullish path.

The USDCAD pair continued to move lower during its latest intraday trading, successfully breaking below the key support level at 1.3800, which had been a projected target in our previous analyses. This move comes amid the dominance of a short-term corrective bearish wave, with price action trading within a downward price channel.

Negative pressure persists as the pair continues to trade below EMA50, which increases the bearish momentum surrounding the pair.

The USDJPY pair continued to decline during its latest intraday trading following the firm resistance at the key level of 159.90. The pair is now attempting to form a higher low that could serve as a base to regain positive momentum and resume its upward movement. With the recent drop, the pair has reached support at the EMA50, alongside the key support level at 159.00.

In the background, early signs of a bullish crossover are beginning to appear on relative strength indicators after reaching heavily oversold levels, excessively compared to price movement. This suggests the formation of a potential positive divergence, strengthening this area as a key support zone for the price.

The GBPUSD pair recorded strong consecutive gains during its recent intraday trading, successfully breaking above the key and stubborn resistance level at 1.3480. This level was an expected target in our previous analysis. The pair remains under the control of a short-term corrective upward trend, moving along a supportive trendline, while continued trading above the EMA50 maintains positive pressure and reinforces the stability of this bullish path.

On the other hand, we notice the emergence of bearish crossover on relative strength indicators after reaching heavily overbought levels. This may limit the pair’s upcoming gains and could lead to some corrective pullbacks or sideways fluctuations.