The EURUSD pair rose during its recent intraday trading, due to the stability of the key support level at 1.1590, gaining some bullish momentum that helped it recover some previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the bearish corrective trend on short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, keeping the negative overview unless it witness clear reversal signals in the upcoming near period.
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The AUDCAD remains stable until this moment below the resistance level at 0.9960, to increase the chances of activating the bearish corrective trend, reaching towards 0.9840.
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