The AUDUSD pair extended its gains during recent intraday trading, as the pair moves to test the key resistance level at 0.7185, which was our previous price target. This rise is supported by continued trading above EMA50, which enhances the stability and dominance of the main short-term upward trend. In the background, positive signals continue to emerge from relative strength indicators, despite reaching heavily overbought levels.

The USDCAD pair declined during its recent intraday trading, under the dominance of a short-term corrective bearish trend, while moving along a trendline that supports this path. Negative pressure continues as the price trades below EMA50, increasing the overall bearish pressure. However, on the other hand, a positive crossover is beginning to appear on relative strength indicators after reaching deeply oversold levels, which may limit further losses as the pair needs to relieve some of this oversold condition.

The USDJPY pair remains stable on a decline during its recent intraday trading, amid the dominance of a short-term corrective bearish wave. Negative pressure continues as the price trades below EMA50, which reduces the chances of recovery in the near term, especially with ongoing negative signals from relative strength indicators after reaching overbought levels compared to the pair’s movement. Opening the way for new losses in the near period.

The GBPUSD pair fluctuated on their recent intraday levels, amid its attempts to confirm breaching the current resistance level at 1.3560, supported by its continued trading above EMA50, reinforcing the stability and dominance of bullish corrective wave on short-term basis, with its trading alongside steep bullish trend line that indicates the strength of this path, with the emergence of positive signals from the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.