The (AUDUSD) price rose in its last trading on the intraday levels, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, retesting the critical resistance at 0.6620, this level may detect the upcoming trend, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking a main bullish trend line on the short-term basis.
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The (USDCAD) price rose in its last intraday trading, preparing to attack the current resistance at 1.3850, amid the dominance of minor bullish wave on the short-term basis and its trading alongside trendline, with the continuation of the positive pressure due to its trading above EMA50, reinforcing the stability of this bullish track, with the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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The (USDJPY) rose in its last trading on the intraday levels, as it holding above the support of its EMA50, gaining bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, reinforcing the bullish momentum, amid the dominance of strong bullish sub-wave on the short-term basis.
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The (GBPUSD) price witnessed tight sideways trading in yesterday’s trading, in an attempt to gain positive momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside bias line, with the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more of the upside moves on the near-term basis.
On the other hand, the negative pressure that comes from its trading below EMA50 remains valid, potentially hindering the price’s recovery attempts in the near term.
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