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The AUDUSD price rebounds higher after reaching our expected target- Analysis-06-02-2026

Economies.com
2026-02-06 04:47AM UTC

 

The (AUDUSD) price witnessed bullish rebound in its last intraday trading, after leaning on key support at 0.6900, which represents an expected target in our previous analysis, gaining some bullish momentum to recover some of its previous losses, and offloading some of its clear oversold levels on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, affected by breaking minor bullish trend line on short-term basis.

 

 

The USDCAD prices are gathering gains- Analysis-06-02-2026

Economies.com
2026-02-06 04:44AM UTC

 

The (USDCAD) price declined in its last intraday trading, to gather the gains of its previous rises, amid the continuation of the positive support by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on a short-term basis, especially with its trading alongside supportive trend line for this path, besides the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains in the upcoming period.

 

 

The USDJPY attempts to gain bullish momentum-Analysis-06-02-2026

Economies.com
2026-02-06 04:41AM UTC

 

The (USDJPY) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to recover and rise again, amid the emergence of negative signals from relative strength indicators from relative strength indicators, to enter exaggerated oversold levels compared to the price move, indicating a quick decline in the bearish momentum, amid the dominance of strong bullish corrective wave on short-term basis, with the continuation of the negative pressure that is represented by its trading above EMA50, reinforcing the chances of the pair’s recover on a near-term basis.

 

 

GBPUSD price is breaking our expected target- Analysis- 06-02-2026

Economies.com
2026-02-06 04:37AM UTC

 

 

GBPUSD rose in its last intraday trading, after breaking our previously expected target at1.3550 support, attempting to recover some of its previous losses, and attempting to offload some of its oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep bearish wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure around the price.