USDCAD moved higher during recent intraday trading, amid the dominance of a short-term bullish corrective trend, with price continuing to move alongside a supportive trendline. The pair also remains supported by trading above the EMA50, which reinforces positive momentum and improves the chances of extending gains in the near term.

In addition, relative strength indicators have started showing a positive crossover after the pair successfully eased its overbought conditions, giving it more room to continue rising over the short term.

USDJPY continued its sideways movement within a narrow range during recent intraday trading, while attempting to breach the strong resistance level at 159.00. The pair is supported by trading above the EMA50, which provides positive dynamic support and improves the chances of further recovery in the near term. A short-term bullish corrective wave also remains dominant, with price moving alongside an upward trendline.

Meanwhile, relative strength indicators have started showing a positive crossover after reaching heavily oversold levels compared to the pair’s movement, adding further support to the bullish outlook.

GBPUSD declined during recent intraday trading after retesting the key resistance level at 1.3455, accompanied by reaching the EMA50 resistance, exposing the pair to renewed negative pressure. This pressure intensified as relative strength indicators began showing a negative crossover after reaching slightly lower overbought levels compared to recent price peaks, signaling the possible formation of a negative divergence that may increase bearish pressure on the pair.

Bitcoin price (BTCUSD) rose during recent intraday trading to recover part of its previous losses. However, this rebound remains under threat as a short-term bearish corrective wave continues to dominate. The EMA50 also maintains negative pressure as the price continues trading below it, limiting the chances of a full recovery in the near term.

Relative strength indicators started to show fresh weakness, forming a negative divergence after reaching heavily overbought levels compared to price movement, alongside emerging negative signals, increasing the likelihood of renewed selling pressure and the return of the bearish corrective trend in the coming sessions.