The (AUDUSD) price kept rising in its last intraday levels, to breach 0.6595 resistance, which represents our suggested target, taking advantage of the positive pressure due to its trading above EM5A0, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.
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The (USDCAD) price declined in its last intraday trading, looking for a rising low to use it as a base to help it gain bullish momentum that might support it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a support bias line, besides the emergence of the positive overlapping signals on the (RSI), after reaching oversold levels.
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The (USDJPY) declined in its last intraday trading, affected by the continuous pressure due to its stability below EMA50, besides the emergence of the negative signals on the (RSI), indicating the weakness of the positive momentum on the near-term basis.
However, the indicators reaching oversold levels might reduce the losses and push for potential limited bouncing attempts, but the dominance of minor bearish wave on the price keeps the bearish scenario valid currently.
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The (GBPUSD) price rose in its last intraday trading, preparing to attack the critical resistance level at 1.3585, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive bias line, with the continuation of the positive pressure that comes from its trading above EMA50, intensifying the bullish momentum. This comes with the emergence of positive signals on the (RSI), despite reaching overbought levels.
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