The (AUDUSD) price surged higher in its last intraday trading, to breach the key resistance at 0.7090, taking advantage of the dynamic support that is represented by its trading above EMA50, amid full dominance for the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this path, noticing the emergence of positive signals from relative strength indicators, which supports extending its gains on near-term basis.
The (USDCAD) price declined in its last intraday trading, 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, especially with its trading alongside supportive trend line for this path, with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, which increases the chances of extending the losses on near-term.
The (USDJPY) deepened its losses on its last intraday trading, to continue its sharp decline after breaking bullish corrective trend line previously on short-term basis, accompanied by the continuation of the negative pressure due to its trading below EMA50, which increases the selling pressures on the pair.
The negative signals continue from relative strength indicators, despite its stability within oversold levels, indicating the strength of the current bearish momentum, and there is a possibility for the continuation of the fluctuation before any real attempt for a rebound.
GBPUSD rose in its last intraday trading, with the emergence of positive overlapping signals from relative strength indicators, after reaching exaggerated oversold levels compared to the price move, to indicate entering a new bullish momentum that might lead it to recover and rise again, amid the dominance of strong minor bullish wave on short-term basis, hitting the resistance of EMA50, to attempt to surpass its negative pressure then announce its full recovery.