The (AUDUSD) price rose in its last intraday trading, preparing to attack the key resistance at 0.7145, which represented an expected target in our previous analysis, supported by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this track, besides the emerging of positive signals from relative strength indicators.
The (USDCAD) price declined in its last intraday trading, after its exit from bullish corrective channel’s range that was limiting its previous trading on short-term basis, with the emergence of negative signals from relative strength indicators, to surpass the EMA50’s support, which put it under more negative pressure and opens the way for recording more downside moves on near period.
The (USDJPY) declined in its last intraday trading, attempting to gain bullish momentum that might help it to offload its overbought conditions on relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and strength of the dominant bullish corrective trend on the short-term trading.
GBPUSD extended its gains in its last intraday trading, affected by breaching bearish corrective trend line on short-term basis, accompanied by surpassing EMA50, getting rid of the negative pressures, supported by the emergence of the positive signals from relative strength indicators, despite reaching overbought levels, which might reduce the upcoming gains temporarily.