The (AUDUSD) price kept rising in its last intraday trading, to settle above the key support at 0.7090, 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 short-term basis, especially with its trading alongside supportive trend line for this path, besides the emergence of positive signals from relative strength indicators, despite its stability in overbought levels.

The (USDCAD) price settles on a rise in its last intraday trading, retesting 1.3585 resistance, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on near-term basis, especially with the emergence of negative overlapping signals from relative strength indicators, after reaching exaggerated overbought levels compared to the price move.

The (USDJPY) declined in its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative signals from relative strength indicators, after offloading some of its oversold conditions, opening the way for recording more losses on near period.

GBPUSD settles on a decline in its last intraday trading, with the stability of the key support at 1.3625, providing bullish momentum that helped it to settle temporarily and prevented expanding its loose.

The price remains under clear negative pressure due to its trading below EMA50, accompanied by the negative signals from relative strength from relative strength indicators, besides the effect of breaking minor bullish trend line on short-term basis, keeping the possibilities of the negativity continuation valid in the near period.

Therefore, we suggest a decline in GBPUSD price in its upcoming intraday trading, especially when breaking 1.3625 support, to target the next support at 1.3530.

The expected trading range is between 1.3565 support and 1.3695 resistance.

Today’s forecast: Bearish