The (AUDUSD) price declined in its last intraday trading, amid the dominance of bearish corrective wave on short-term basis, with its trading alongside supportive trend line for this track, intensifying this negative pressure due to the trading below EMA50, reducing the chances of near-term recovery, especially with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the upcoming period.
The (USDCAD) price settles with sharp losses in its last intraday trading, leaning on 1.3575 support level, amid the emergence of negative signals from relative strength indicators, despite reaching oversold levels, affected by breaking bullish corrective trend line on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on near-term basis.
The (USDJPY) rose strongly in its last intraday trading, to breach the current resistance of 158.00, amid the dominance of the bullish trend on short-term basis with its trading alongside supportive trend line for this path, supported by its continued trading above EMA50, which represents dynamic support that provides renewed bullish momentum, especially with the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains in the upcoming period.
The GBPUSD pair slipped lower during its latest intraday trading, reaching the support level of 1.3280. This support level had been a price target in our previous analysis in preparation for a potential break, amid continued negative pressure as the pair trades below EMA50. This reinforces the stability and dominance of the main short-term bearish trend, especially as price movements continue along a trendline that supports this path.
In addition, we notice the emergence of negative signals from the relative strength indicators after reaching heavily overbought levels.