The (AUDUSD) price fluctuated on its last intraday levels, attempting to gain bullish momentum that might help it to breach the stubborn and key resistance level at 0.6520, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, supported by its trading above EMA50, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside supportive trendline for this track.
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The (USDCAD) price witnessed fluctuated trading on its last intraday levels, due to the stability of the key support level at 1.3980, gaining some bullish momentum that intensified due to the emergence of the positive signals on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of bearish corrective wave on the short-term basis.
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The (USDJPY) rose in its last intraday trading, approaching from testing the key resistance of 153.20, supported by its stability above its EMA50, reinforcing the continuation of the dominant bullish trend on the short-term basis, especially with its trading alongside supportive minor trendline for this positive track, as a signals for the continuation of the dominant bullish momentum until now.
On the other hand, the relative strength indicators are showing negative signs after reaching overbought levels, which might limit the potential gains on the near-term basis, indicating signs of a potential temporary corrective moves before resuming the rise again.
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The (GBPUSD) price declined during its last intraday trading, preparing to break 1.3325 support, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline that reinforces the stability of this track, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, which might limit the upcoming losses of the pair temporarily, due to its neediness to offload this oversold condition.
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