The (AUDUSD) price witnessed active moves on its last intraday levels, declining to break main bullish trend line on the short-term basis, with the emergence of negative signals on the relative strength indicators, with the negative pressure that led it to surpass EMA50’S support, indicating the pressure and opening the way for recording more losses in the upcoming period.
The (USDCAD) price witnessed fluctuated trading on it last intraday levels, due to the stability of 1.3755 support, which provided some bullish momentum that helped it to settle temporarily, especially with the emergence of positive signals on relative strength indicators, after reaching oversold conditions, to offload these conditions amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of recovery in the upcoming period, especially with its trading alongside main bearish trend line on the short-term basis.
The (USDJPY) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which led it to break main bullish trend line on the short-term basis, intensifying the negative pressures, especially with the negative signals on the relative strength indicators, opening the way for recording more losses on the near-term basis.
GBPUSD declined in its last intraday trading, amid the emergence of negative signals on relative strength indicators after reaching overbought levels. The pair kept looking for rising low to use it as a base that may help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EM5A0, reinforcing the chances of a recovery on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line.