The (AUDUSD) price surged high in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, to begin showing positive crossovers, reinforcing the stability of the dominance bullish corrective trend on the short-term basis, and its trading alongside supportive trendline, besides the continuation of its trading above EMA50.
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The (USDCAD) price settled with strong gains in its last intraday trading, after leaning on 1.3890 support, which represents our yesterday’s expected target, to reach it and bounce higher from there, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
The price is retesting the key resistance at 1.3940, amid the dominance of the bearish corrective trend and the continuation of the negative pressure due to its trading below EMA50, reducing the recovery chances on the near-term basis, especially with the relative strength indicators reaching overbought levels, that suggest a quick fading for the bullish momentum.
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The (USDJPY) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to rise again, to reinforce the chances of breaching the stubborn and key resistance at 153.25, supported by its trading above EMA50, supported by its trading above EMA50, representing dynamic support that strengthens the dominance of the main bullish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of the positive signals on the relative strength indicators.
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The (GBPUSD) price witnessed cautious gains during its last intraday trading, after the stability of 1.3190 support, this support represents our target in our previous analysis. The price is attempting to recover some of its previous losses, and offloading some of the clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trendline.
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