The (AUDUSD) price rose in its last intraday trading, with the emergence of overbought conditions, amid the dominance of steep bullish corrective wave on the short-term basis, indicating the dominance of this track, especially with dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price’s recovery.

The (USDCAD) price extended its cautious gains in its last intraday trading, to recover some of its previous losses, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice that the relative strength indicators have reached overbought levels exaggeratedly compared to the price move, to indicate the beginning of forming negative divergence, which will intensify the negative pressure.

The (USDJPY) rose in its last intraday trading, after leaning on bearish corrective channel’s support previously that limited the previous trading on the short-term basis, to recover some of its previous losses, attempting to offload the relative strength indicators, especially with the emergence of the positive signals from there, amid the continuation of the negative pressure that comes from its trading below EMA50, forming strong obstacle against the recovery attempts in the upcoming period.

GBPUSD remains in a sideways range after declining, supported by a short-term ascending trendline and stability above EMA50, while relative strength indicators shows strong oversold levels indicating a positive divergence. We expect a near-term rise if the key 1.3195 support holds, targeting the 1.3265 resistance level.