The (AUDUSD) price declined in its last trading on the intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on the near-term basis, to surpass the support of main bullish trend line on a short-term basis, to indicate extending the bearish corrective wave on the near-term basis, especially after offloading its oversold conditions on the relative strength indicators, which opens the way for recording more losses.
The (USDCAD) price rose in its last intraday trading, affected by leaning on the support of bullish corrective trend line on the short-term basis, gaining renewed bullish momentum, especially with its trading above EMA50, reinforcing the chances of extending the gains on the near-term basis, with the emergence of positive signals from relative strength indicators, after reaching oversold levels.
The (USDJPY) rose slightly in its last intraday trading, after bearish journey to look for rising low to take it as a base to help it gain the required bullish momentum for its recovery and rising again, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend, especially with its trading alongside minor supportive trend line for this trend, besides the emergence of positive overlapping signals from relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.
GBPUSD declined in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative dynamic pressure that is represented by its trading below EMA50, which prevented the recovery attempts previously, this bearish performance comes with the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses on the near-term basis.