The (AUDUSD) price continued its decline in its last intraday trading, affected by its exit from a minor bullish channel previously, which was confining its previous trading on the short-term basis, with the emergence of the negative signals on the (RSI), despite reaching oversold levels. The pair surpassed the support of EMA50 in its early trading, which reinforces the stability of the correctional bearish scenario.

The (USDCAD) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), surpassing a minor bearish trend line on the short-term basis, attacking the key resistance level at 1.3615, on the other hand, the price remains suffering from the continuous negative pressure due to its trading below EMA50, which might decelerate the pair’s attempts to rise, in order to correct the main bearish trend.

The (USDJPY) price rose in its last intraday trading, affected by the dynamic support that is represented by its trading above EMA50, gaining positive momentum due to its lean on it, amid the dominance of the bullish correctional trend on the short- term basis and its trading besides a bias line, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

The (GBPUSD) price declined in its last intraday trading, affected by the dominance of bearish correctional wave on the short-term basis, which decreases the positive momentum and limits the recovery attempts. This decline came amid the continuation of the trading below EMA50, reinforcing the current negative overview on the near-term basis.

The emergence of the negative signals on the (RSI) increases the selling pressure, indicating the situation of losing the buying momentum and supports the continuation of the bearish correction, these factors keep the eyes on the next support levels that might be tested if the selling pressure continues.