AUDUSD declined during recent intraday trading as the key resistance level at 0.7170 continued to hold firm. This pullback may help the pair gather positive momentum needed to challenge and potentially break above that resistance.

The pair remains supported by trading above its EMA50, which reinforces the short-term bullish trend. Price action also continues to follow an ascending trendline, providing additional support for further gains.

USDCAD rose in recent intraday trading, supported by continued trading above its EMA50, which reinforces the short-term corrective uptrend. The pair also remains supported by an ascending trendline, helping maintain bullish momentum.

However, relative strength indicators have begun to show negative signals after reaching heavily overbought levels, which may limit further gains in the near term.

USDJPY settles high in recent intraday trading, amid the dominance of  the short-term corrective bullish trend, with the continuation of the dynamic and positive support from trading above its EMA50, reinforcing the bullish outlook.

However, relative strength indicators have started to generate negative signals after reaching heavily overbought levels, which could limit the pair’s ability to extend its gains in the near term.

GBPUSD remains firm in recent intraday trading, recovering all of yesterday’s losses. The pair continues to benefit from positive support by trading above its EMA50, while relative strength indicators are providing bullish signals after easing from overbought conditions, giving the pair room to extend its gains. Short-term price action also remains supported by an ascending trendline.