The (AUDUSD) price rose in its last intraday trading, after breaching the critical resistance previously at 0.6495, amid the dominance of strong bullish wave on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of this bullish scenario, especially with the emergence of the positive signals on the (RSI).
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The (USDCAD) price continued the decline in its last intraday trading, affected by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, announcing the continuation of the bearish correctional trend on the near-term basis, this comes with the emergence of the negative signals on the (RSI), despite reaching oversold levels, intensifying the negative pressure.
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The (USDJPY) declined in its last intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, forming dynamic resistance that prevented the recovery attempts in the last period, with the emergence of the negative signs on the (RSI), despite reaching oversold levels, intensifying the negative pressure around the pair.
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The (GBPUSD) price rose sharply in its last intraday trading, due to the stability of the support level at 1.3440, testing a bullish correctional bias line on the short-term basis, gaining bullish momentum that supports this strong rise, that led it to get rid of the negative pressure of the EMA50, on the other hand, the (RSI) reached overbought levels, with the emergence of negative overlapping signals, which might reduce the upcoming gains of the pair.
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