The (AUDUSD) settles with a series of consecutive losses in its recent intraday trading, breaking below EMA50, exposing it to further negative pressure in upcoming movements and increasing the likelihood of extending its losses in the near term, especially as negative signals continue to emerge from relative strength indicators after previously reaching heavily overbought levels.

The (USDCAD) witnessed a series of cautious corrective gains in its recent intraday trading, despite the continued dominance of a short-term bearish corrective trend. The pair is moving along a trendline supporting this downward path, alongside ongoing negative and dynamic pressure as it continues to trade below EMA50, which limits the chances of a full recovery in the near term.

This comes as a negative divergence begins to form on relative strength indicators after reaching heavily overbought levels, excessive relative to price movement, along with the emergence of negative signals.

The USDJPY pair settles on cautious gain in its recent intraday trading, amid the dominance of sideways wave on short-term basis, to settle at 157.30 key resistance, supported by its continued trading above EMA50, on the other hand, the main bearish trend dominates, besides the emergence of negative signals from the relative strength indicators, after reaching overbought levels.

The GBPUSD pair settles with series of consecutive losses in its recent intraday trading, reaching EMA50’s support in a last attempt to find a higher low to use it as a base to help it gain the required bullish momentum for its recovery, especially with the continuation of the trading alongside main bullish trend line on short-term basis, reinforcing the chances of this recovery, with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.