The (AUDUSD) price rose in its last intraday trading, supported by the emergence of positive signals on the (RSI), indicating the improvement in the technical momentum and pushing the price to the upside temporarily.
This rise reached the resistance of the EMA50, which represents an important technical barrier amid the continuation of the bearish correctional trend dominance on a short-term basis, which might limit the price ability to resume the rise, if it couldn’t breach this level stably.
The (USDCAD) price declined in its last intraday trading, due to the stability of the key resistance at 1.3685, accompanied by reaching main bearish trend line on the short-term basis, besides the emergence of the negative signals on the (RSI), on the other hand, the pair takes advantage of the dynamic support that is represented in its trading above EMA50.
The (USDJPY) price declined on the last intraday levels, to attempt to look for a rising low to take it as a base that might help it to gain the required bullish momentum to recover, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, noticing that the (RSI) indicators have reached oversold levels, which suggest the beginning of forming positive divergence, especially with the emergence of positive overlapping signals from them.
The (GBPUSD) price rose slightly in its last intraday trading, supported by the emergence of initial positive signals on the (RSI), indicating a limited improvement in the technical momentum, but the price remains moving within a bearish correctional trend on the short-term basis, and trading below EMA50, which represents a dynamic resistance that obstacles the trading to turn to a clear rise, keeping the possibilities for the fluctuation valid on the near-term basis.