The (AUDUSD) price rose in its last intraday trading, amid its attempts to breach 0.7135 key resistance, which represents an expected target in our previous analysis, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, with the emergence of its overbought conditions, opening the way for expanding its gains in the upcoming near period.
The (USDCAD) price declined in its last intraday trading, amid the dominance of the main bearish trend with the dominance of steep minor bearish wave on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the chances of the price sustainable recovery on near-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, after offloading its overbought conditions.
The USDJPY price extended its gains during its latest intraday trading after relying on the support of EMA50. This provided positive momentum that helped the pair achieve those gains, benefiting from positive signals coming from the relative strength indicators after reaching heavily oversold levels. This comes while a short-term upward wave continues to dominate, with the price moving alongside a supportive trendline for this path.
The GBPUSD price rose during its latest intraday trading, supported by the firmness of the key support level at 1.3400, which represents the neckline of a short-term technical formation known as the double bottom pattern.
This rise comes while dynamic support continues as the pair trades above EMA50. In addition, the relative strength indicators have reached levels that may help the pair start gathering positive momentum during the coming period.