NZDUSD Prepares to Break Above Our Price Target – Analysis – 31-07-2026

(AUDUSD) settles on strong gains in its latest intraday trading, attempting to gain bullish momentum that might help it to breach the key resistance of 0.7025, and attempts to offload some of its clear overbought condition on the relative strength indicators, with the emergence of negative signals from them, with a positive dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis.

The USDCAD price rose in its last intraday trading, affected by the stability of 1.4000 support level, which was a price target in our previous analysis, attempting to recover some previous losses, and attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery in the near-term basis, with the dominance of the bearish corrective trend on the short-term basis.

The USDJPY pair rose during its latest intraday trading, supported by the pair’s rebound from a major medium-term ascending trendline, which provided positive momentum and helped it recover some of the losses incurred during the previous session. However, the pair remains under pressure from its EMA50, which represents dynamic resistance and reduces the chances of a full recovery in the near term, while also raising the risk of deeper losses, especially amid continued negative signals from the relative strength indicators.