The (AUDUSD) price declined in its last intraday trading, with the emergence of the negative signals from relative strength indicators, in attempt to gain bullish momentum that might help it to resume its strong gains on near-term basis, leaning on EMA50’s support, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path.

The (USDCAD) price rose slightly in fluctuating moves on its last intraday levels, affected by breaching main bearish trend line on short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of moving higher on near-term basis, with the relative strength indicators reaching exaggerated oversold levels compared to the price move, indicating a beginning of forming positive divergence.

The (USDJPY) rose in its last intraday trading, benefiting from the emergence of negative signals from the relative strength indicators, after reaching overbought levels, to move within bullish corrective channel’s range on intraday levels, in attempt to recover some previous losses, amid the continuation of the negative pressure due to its trading below EMA50, which makes any current bullish attempts threatened by a rebound under the continued technical pressure. 

GBPUSD declined in its last intraday trading, after it rebounded higher due to the stability of the current support at 1.3510, gaining bullish momentum that helped the pair to recover some previous losses and it’s succeeded in offloading its oversold conditions on relative strength indicators.

Affected by breaking short-term bullish trend line previously, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of sustainable recovery on near-term basis.