The (AUDUSD) edged slightly lower in its latest intraday trading, as the pair moved to take profits following its previous gains. It is now attempting to build positive momentum that may help it resume its strong upward movement in the near term, especially with the emergence of a bullish crossover on the relative strength indicators after easing from overbought levels, giving it more room to extend gains. This comes amid the dominance of a short-term corrective upward wave.

The (USDCAD) rose slightly in its recent intraday trading, in attempt to recover some of its previous losses, attempting to offload some of its clear oversold levels on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of bearish corrective wave on short-term basis, affected by negative technical formation which is represented by double top pattern. The price suffers by the continuation of the negative pressure due to its trading below EMA50, intensifying the likelihoods of a decline in the upcoming near period.

The (USDJPY) rose during recent intraday trading, reaching EMA50’s resistance, affected by breaking main bullish trend previously on a short-term basis, which changed the features of the technical overview towards negative trend, especially with the price stability below its current resistance.

On the other hand, we notice the beginning of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, which might support fluctuated movement in the near upcoming period.

The (GBPUSD) declined in recent intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, with the effect of breaching main bearish trend line on short-term basis, besides the continuation of the dynamic positive pressure that is represented by its trading above EMA50, which provides renewed bullish momentum.