The (AUDUSD) price kept rising in its last intraday trading, amid the dominance of the main bullish trend on short-term basis, with the continuation of dynamic support due to its trading above EMA50, indicating the strength of the dominant bullish momentum on the pair.
On the other hand, we notice the emergence of positive signals from relative strength indicators, despite reaching overbought levels, which might indicate a potential slowness in the upside track or entering limited corrective fluctuations, without affecting the bullish trend on a near-term basis.
The (USDCAD) price kept declining in its last intraday trading, amid the dominance of the main bearish trend and its trading alongside supportive minor trendline for this trend, 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, to indicate fading any bullish momentum around the pair.
The (USDJPY) declined sharply in its last intraday trading, breaking 154.45 key support reflecting an acceleration in selling pressure and a buildup of negative momentum in price action, especially with its trading below EMA50, reinforcing the strength of the dominant bearish trend on short-term basis.
At the same time, relative strength indicators keep sending negative signals, despite reaching oversold levels, indicating the current attempt to rebound, and opens the way for more downside moves before the emergence of any clearer recovery signals on an intraday basis.
GBPUSD kept rising in its last trading on intraday basis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis with its trading alongside supportive trendline for this trend, noticing the emergence of positive signals from relative strength indicators, despite its stability in overbought levels.