USDCAD settles onto gains during recent intraday trading, settles above the key resistance level of 1.3940. This confirms the breakout and highlights the strength of the prevailing short-term uptrend, with the pair movement along a supportive bullish trendline.

The positive outlook is reinforced by trading above the EMA50, which continues to provide dynamic support. In addition, relative strength indicators have started to generate bullish signals after forming a positive divergence, strengthening the prospects for further gains in the near term.

USDJPY continues to hold onto its recent gains during intraday trading, supported by a short-term ascending trendline. The pair is also benefiting from trading above its EMA50, which provides dynamic support and enhances the prospects for extending gains in the near term.

The positive outlook is supported by relative strength indicators, which have formed a bullish divergence and continue to generate positive signals, helping the pair maintain its bullish path.

GBPUSD remains under pressure during recent intraday trading as relative strength indicators begin to form a negative divergence after reaching heavily overbought levels. The emergence of bearish signals suggests weakening upward momentum and increasing downside risks.

This comes amid the dominance of the short-term bearish trend, while the pair continues to trade below its EMA50, which is limiting the chances of a sustained recovery in the near term and maintaining negative pressure on price action.

Bitcoin (BTCUSD) remains near its recent lows after a series of consecutive losses in intraday trading, with the continuation of negative pressure while trading below its EMA50, reinforcing the dominant short-term bearish trend and keeping the overall technical outlook tilted to the downside.

However, relative strength indicators have started to show signs of improvement, generating positive signals after reaching oversold territory. This suggests that Bitcoin is attempting to reduce oversold conditions and regain some balance, which could help slow the pace of losses or trigger limited corrective movements in the near term.