USDCAD Tests the Resistance of the Simple Moving Average – Analysis –03-11-2026

The USDJPY pair has been trading unevenly within a narrow range in its latest intraday movements, attempting to build positive momentum that could help it recover and resume its upward movement. This comes amid continued positive support from trading above EMA50, reinforcing the dominance and stability of the short-term bullish trend. Meanwhile, the relative strength indicators are showing positive signals after the pair successfully eased some of its overbought conditions, giving it more room for further gains in the near term.

The GBPUSD pair declined in its latest intraday trading, pressured by the resilience of the pivotal resistance level at 1.3405, alongside negative signals from the relative strength indicators, as the pair attempts to build positive momentum that could help it recover and break above this resistance.

Bitcoin continued its decline in its latest intraday trading, reaching the pivotal support level of $76,500, which had represented a price target in our previous analyses. This comes amid continued negative pressure from trading below EMA50, which acts as dynamic resistance, reinforcing the dominance of the main short-term downtrend, particularly as the price moves alongside a minor trend line supporting this bearish path.