The (AUDUSD) price rose in its last intraday trading, due to its lean on the support of its EMA50, providing temporary positive momentum that helped it to achieve these gains, amid the stability of the key resistance level at 0.6495, which forced it to decline on the intraday basis, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels.
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The (USDCAD) price declined in its last intraday trading, in attempt to gain a positive momentum that might help it to rise again, with the dynamic support that is represented by its trading above EMA50, which prevented the price decline in the last period, under the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for this trend.
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The (USDJPY) declined in its last intraday trading, attempting to gain positive momentum that might help it to rise again, after it rose yesterday after its lean on a main bullish trend line on the short-term basis, gathering bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the (RSI), but it reached the resistance of EMA50, to attempt to gain this momentum to get rid of the negative pressure.
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The (GBPUSD) price settled low in its last intraday trading, affected by yesterday’s decline after reaching the resistance of the EMA50, this rebound put the price under strong selling pressure that pushed it to surrender to the negative pressures.
This comes amid the continuation of the dominance of minor bearish wave on the short-term basis, besides the emergence of the negative signals from the (RSI), which might limit the chances of near recovery.
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