The (AUDUSD) price declined in its last intraday trading, to break the current support at 0.6480, which represents a potential target in our previous reports, amid the dominance of the main bearish trend on the short-term basis and its trading alongside steep minor bearish trendline on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite its stability in oversold levels.
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The (USDCAD) price rose in its last trading on the intraday levels, preparing to reach the current resistance at 1.4130, which represents our expected target in our previous analysis, supported by the emergence of the positive signals on the relative strength indicators, affected by the dynamic support that is represented by its trading above EMA50, and under full dominance for the main bullish trend on the short-term basis.
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The (USDJPY) witnessed volatile trading on its last intraday levels, where the price is attempting to offload some of its oversold conditions that appeared on the relative strength indicators, accompanied by forming positive crossovers that might support the attempts to settle on near-term basis.
Despite these tentative positive signs, the price remains under clear technical pressure, after breaking main bullish trend line on the short-term basis and its decline below EMA50, which reinforces the likelihood of the decline extension unless the price manages to regain the broken support levels.
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The (GBPUSD) price declined in its last intraday trading, affected by reaching the resistance of its EMA50, which forced it to rebound to the downside after a consecutive gains journey to correct the main bearish trend on the short-term basis, amid its trading alongside supportive trendline for this track, besides the relative strength indicators reaching overbought levels that might intensify the negative pressure.
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