The AUDUSD pair settles lower during its latest intraday trading, as it attempts to find a higher low that could serve as a base to gain the positive momentum needed to resume its recovery. With its recent decline, the pair has moved to rely on the support of EMA50.This occurs while the main bullish trend remains dominant in the short term, alongside the beginning of a positive crossover on the relative strength indicators after reaching deep oversold levels compared to the pair’s movement.

The (USDCAD) price settles in consecutive gains in its last intraday trading, surpassing EMA50’s resistance, to get rid of its negative pressure, attempting to breach the current resistance at 1.3630, on the other hand, we notice the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought levels, representing an obstacle against the pair’s bullish moves in the near upcoming period.

The USDJPY pair declined during its latest intraday trading after successfully breaking above the key resistance level at 159.00. The price is currently taking profits from its previous gains while attempting to ease part of its clear overbought condition on the relative strength indicators, especially with the beginning of a negative crossover appearing on the indicator.

This pullback may help the pair regain positive momentum that could support a renewed upward movement. The main bullish trend remains dominant in the short term, with price movements continuing alongside a supporting trendline that reinforces this path. In addition, the dynamic support from trading above EMA50 continues to strengthen the chances of the pair’s recovery.

The GBPUSD pair rose during its latest intraday trading, as the pair attempts to recover part of its previous losses. At the same time, it is trying to ease part of its clear oversold condition on the relative strength indicators, especially with the beginning of a positive crossover appearing on the indicator.

However, negative pressure persists as the pair continues to trade below EMA50, which reinforces the stability and dominance of the main downward trend in the short term, while price movements remain aligned with a trendline supporting this bearish path.