The (AUDUSD) price rose in its last intraday trading, preparing to attack the critical resistance at 0.6535, supported by its trading within a minor bullish channel’s range that limits its previous trading on the short-term basis, with the continuation of the dynamic support that is represented by its trading above its EMA50, besides the emergence of the bullish signals on the (RSI), after reaching oversold levels.
The (USDCAD) price declined in its last intraday trading, due to the stability of the key resistance at 1.3690, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a minor bias line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the beginning of the negative signals on the (RSI), after reaching overbought levels.
The (USDJPY) price declined in its last intraday trading, as it reached the resistance line of the bearish correctional trend on the short-term basis, with the emergence of the (RSI), after reaching overbought levels, surrendering to these negative pressures and losing the positive momentum, especially that there is a dynamic support represented by its trading above its EMA50.
The (GBPUSD) price rose in its last intraday trading, after its decline due to the stability of the critical resistance level at 1.3585, looking for a higher low to take it as a base that might assist it to gain the required positive momentum to breach this resistance.
The pair leaned on the support of its EMA50, which provided some positive that assisted it to achieve this gains, especially with the dominance of the main bullish trend, with the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, exaggeratedly compared by the price move, with the beginning of the positive signals emergence.