EUR/USD price surged in latest intraday trading, confirming its exit from a descending correctional price channel in the short term, while also shaking off negative pressure from the 50-candle SMA, regaining its footing amid the dominance of the main upward trend, while readying to tackle the pivotal resistance of $1.0945.
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GBP/USD price rallied in latest intraday trading, underpinned by positive support due to trading above the 50-candle SMA, with the dominance of the main upward trend in the short term, as the price trades alongside the trend line, thus managing to pierce the pivotal resistance of $1.3005.
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USD/JPY price skidded in latest intraday trading while exposed to negative pressure after touching the resistance of the 50-candle SMA, accompanied by negative signals emerging from the Stochastic after reaching overbought levels, with the price thus piercing the upward correctional trend line in the short term, opening the door for more losses.
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USD/CAD price engaged in sideways trading in the intraday levels while exposed to negative pressure after bumping into the resistance of the 50-candle SMA, bouncing lower and leaning on the support of 1.4240, readying to breach it, especially with negative signals emerging from the Stochastic after the price successfully vented off oversold saturation there.
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