The AUDUSD pair edged slightly lower during its latest intraday trading after holding at the current resistance level of 0.7135, which represented our second price target in yesterday’s session. The pair is undergoing a natural profit-taking phase following previous gains, while also attempting to relieve its overbought condition on the relative strength indicators, especially with the emergence of negative signals. This may help it rebuild positive momentum to resume its upward movement in the near term, amid a dominant short-term bullish trend.

The USDCAD pair moved higher during its latest intraday trading after stabilizing above the 1.3750 support level, which had been a price target in our previous analysis. The pair benefited from this positive momentum to recover part of their earlier losses. It also managed to relieve its oversold condition on the relative strength indicators.

However, this comes within the context of a dominant short-term bearish corrective trend, with price movements aligned along a descending trendline. In addition, continued negative pressure persists as the pair trades below its 50-period simple moving average, which further intensifies the overall downside pressure.

The USDJPY pair rose in its recent intraday trading, attempting to recover part of its previous losses. The pair is also trying to ease its oversold condition on the relative strength indicators, especially with the emergence of positive signals. However, this comes within the context of a dominant short-term bearish corrective wave, alongside continued negative dynamic pressure as the price trades below EMA50, which limits the chances of a near-term recovery.

The GBPUSD pair fluctuated on their recent intraday levels, however it remains stable above the key resistance level of 1.3360, this resistance was an expected target in our previous analysis, in a strong signals to confirm breaching it, taking advantage of its trading alongside steep bullish corrective trendline that indicates the strength of this track, attempting to gather the gains of its previous rises, and attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, to gather its positive strength that might help it to resume its strong gaons on the near-term basis.