The (AUDUSD) price declined in its last intraday trading, affected by its trading below EMA50, to surpass the support of main bullish trend line on short-term basis, reinforcing the negative pressures, however the price settled in its last trading, affected by the emergence of positive from the relative strength indicators, after reaching oversold levels, to offload some of these conditions.
The (USDCAD) price witnessed fluctuated trading on its last intraday levels, amid the attempts of breaching the key resistance at 1.3865, taking advantage of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this track, besides offloading its overbought conditions on the relative strength indicators, entering exaggerated oversold levels compared to the price move, this signals a potential near-term rebound and reinforces the likelihood of resuming its strong gains on the near-term basis.
The (USDJPY) witnessed sharp rise on its last intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside minor supportive trend line for this track, besides the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains in the upcoming period.
GBPUSD declined in its last intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which led the pair to break main bullish trend line on short-term basis, reinforcing the chances of extending the bearish corrective wave on a short-term basis, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading the oversold conditions, which opens the way for recording more losses.