The (AUDUSD) price settles on a decline in its last intraday trading, surpassing EMA50’s support, which put it under negative pressure that led it to break minor bullish trend line on short-term basis, intensifying the negative pressures, which reinforced with the emergence of negative signals from relative strength indicators, despite reaching oversold levels.
The (USDCAD) price rose in its last intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, with the dominance of strong bullish corrective wave on short-term basis, affected by breaching bearish trend line previously, beside the emergence of positive signals from relative strength indicators, despite reaching overbought levels.
The (USDJPY) settles on extended gains on its last intraday levels, amid the dominance of bullish corrective trend on short-term basis and its trading alongside supportive trend line for this path, with the continuation of the positive dynamic pressure due to its trading above EMA50, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which might obstructs the upside track in the upcoming period, so we might witness some fluctuations that target to offload some of these overbought conditions.
GBPUSD declined in its last intraday trading, preparing to break our expected target in our previous analysis 1.3625 support, amid the dominance of bearish corrective wave on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.