The (AUDUSD) price begins to recover in its last intraday trading, amid its trading alongside a minor bullish trend line on the short-term basis, indicating the strength and the dominance of this wave, amid the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of positive overlapping signs on the (RSI), after the price’s success in offloading its overbought conditions.
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The (USDCAD) price declined in its last trading on intraday levels, with the emergence of the negative signals on the (RSI), after its success in its previous trading in offloading oversold levels, opening the way for recording more of the losses, amid the dominance of bearish correctional wave on the short-term basis, affected by breaking a bullish trend line, and there is a dynamic resistance that is represented by its trading below EMA50, reinforcing the scenario of the intraday decline.
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The (USDJPY) price declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, forming dynamic resistance that prevents the price recovery on the near-term basis, especially with its affection by breaking a main bullish trend line on the short-term, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
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The (GBPUSD) price witnessed fluctuated trading on its last intraday levels, amid the dominance of bullish correctional wave alongside a trend line, indicating the strength and the volume of the bullish momentum of the pair, with the continuation of the positive pressures that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading the overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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