The (AUDUSD) price rose in its last intraday trading, affected by its leaning on the support of main bullish trend line on short-term basis, gaining bullish momentum that helped it to achieve these gains and reinforce the momentum with the emergence of the positive signals from relative strength indicators, after reaching oversold levels, on the other hand, the pair remains under negative pressure due to its trading below EMA50, which threatens the near-term recovery attempts.
The (USDCAD) price settles on strong gains in its last intraday trading, amid the dominance of the bullish corrective trend on short-term basis, with its trading alongside steep minor trend line that indicated the strength of this path, especially with the continuation of the dynamic and positive pressure that is represented by its trading above EMA50, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels.
The (USDJPY) kept rising in its last intraday trading, after surpassing the negative pressure of EMA50, dominated by minor strong bullish wave on short-term basis, on the other hand, we notice the emergence of negative overlapping signals from relative strength indicators, which might reduce the strong gains on near-term basis.
GBPUSD kept declining in its last intraday trading, to break 1.3510 support in its last intraday trading, this support represents an expected target in our previous analysis, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.