The (AUDUSD) price settles on strong gains in its last intraday trading, after breaching bearish corrective trend line on short-term basis, which pushed it to surpass the negative pressure of EMA50, in clear signals for the bullish momentum strength.

On the other hand, there are negative overlapping signals emerging on relative strength indicators, after reaching overbought levels, which might force the pair to fluctuate on an intraday basis in attempt to offload these overbought conditions.

The (USDCAD) price rose to its last intraday levels, due to the stability of the support level at 1.3530, this support was an expected target in our previous analysis, which provides bullish momentum for the price that reinforced with the emergence of positive signals from the relative strength indicators, after reaching oversold levels. The pair attempts to recover some previous losses, amid the continuation of the negative dynamic pressure that is represented by its trading below EMA50, reducing the chances of sustainable recovery on near-term basis.

The (USDJPY) declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, reaching exaggerated oversold levels compared to the price move, indicating a quick fading for the negative momentum, amid its attempts to look for rising low to take it as a base for gaining bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path.

The GBPUSD pair settles on series of consecutive gains on its latest intraday levels, supported by the emergence of positive signals from relative strength indicators, to breach 1.3400 key resistance, this resistance represents a neckline of short-term positive technical formation ( the double bottom pattern), accompanied by surpassing EMA50’s resistance, to get rid of its negative pressure, reinforcing the chances of extending its gains on near-term basis.