The (AUDUSD) price rose in its last intraday trading, amid its attempts to breach the suborn resistance at 0.6670, taking advantage of its continued trading above EMA50, representing a dynamic support that reinforces the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside trend line, on the other hand, we notice the emergence of the relative strength indicator, which prevent a smooth rise.
The (USDCAD) price settles with sharp losses in its last intraday trading, testing 1.3755 support, this support represents potential target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might reduce the upcoming losses, and may help it with some bullish rebounds to offload these oversold conditions.
The bearish trend remains dominant on the short-term basis alongside supportive trend line for this track, with the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reducing the chances of full recovery on near-term basis.
The (USDJPY) rose in its last intraday trading, due to its leaning on main bullish trend line on the short-term basis previously, gaining bullish momentum that intensified with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to get rid of the negative pressure of EMA50, announcing its recovery and reinforcing the chances of extending its gains in the upcoming period.
GBPUSD declined in its last trading in the intraday trading, due to the stability of the resistance at 1.3415, which represents potential target in our previous analysis, to gather the gains of its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals.
This comes amid the dominance of the bullish trend on the short-term basis with its trading alongside supportive trend line, besides the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.