The (AUDUSD) price fluctuated in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its gains, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, meanwhile the price succeeded in offloading its overbought condition on relative strength indicators, which opens the way for extending its gains on near-term basis.
The (USDCAD) price settles on cautious gains in its last intraday trading, after recovering some previous losses and offloading its oversold conditions on relative strength indicators, to enter overbought levels exaggeratedly compared to the price move, indicating the beginning of forming negative divergence that reduces the negative pressure on the price, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, with its trading alongside minor trend line for this trend.
The (USDJPY) settles on gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, after reaching oversold levels, to offload this oversold conditions to retest the key resistance at 154.45, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of steep minor bearish wave on short-term basis.
GBPUSD rose in its last trading on intraday basis, preparing to reach our expected target in our previous analysis at 1.3700 resistance, after its rebound from there due to its stability, to gain some bullish momentum and offloading some of the clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on short-term basis, with its trading alongside trend line, besides continuing the dynamic support that is represented by its trading above EMA50, to reinforce the chances of extending its gains on the near-term basis.