AUDUSD settles above a key resistance -Analysis-25-04-2025
The AUDUSD rose in its last intraday trading, to return to settle again above the critical resistance at 0.6390, as a clear signal for a potential recovery, despite its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.
Despite this positivity, the (RSI) indicators show some warning signs, with it reach to excessive overbought areas, and the appearance of negative overlapping signals that might decelerate the strength of the upside track, which opens the way towards potential correctional rebounds.
Therefore, the stability of the AUDUSD price above 1.6390 reinforces the positive overview on the intraday basis, to target the next resistance at 0.6500, and monitor any potential correctional moves that might be caused by the current overbought conditions.
The expected trading range is between 0.6330 support and 0.6460 resistance.
Today’s forecast: Bullish
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USDCAD looks for a bias -Analysis-25-04-2025
The USDCAD fluctuated in its last intraday trading, where the price moved around EMA50, to gain the required positive momentum to complete its bullish correctional wave, supported by its stability above the solid support level at 1.3840.
The technical indicators reinforce this scenario, especially with the beginning of positive overlapping signal appearance on the (RSI), after reaching exaggerated oversold levels compared to the price move, which reinforces the possibility for forming positive divergence that supports the continuation of the correctional rise.
Therefore, our expectations suggest more of the upside moves in the USDCAD price in the upcoming intraday trading, conditioned by its stability above 1.3840, to target the key resistance at 1.3975.
The expected trading range is between 1.3825 support and 1.3930 resistance.
Today’s forecast: Bullish
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USDJPY rises after surpassing the negative pressures -Analysis-25-04-2025
The USDJPY moved higher in its last intraday trading, support by positive technical factors, initially, its continuous stability above its EMA50, besides the emergence of the positive signals on the (RSI), after the pair’s success in offloading its overbought conditions.
This bullish move comes within the positive momentum that caused by the exit from a minor bearish channel range on a short-term basis, reinforcing the chances for recovery and targeting higher levels in the upcoming trading.
Therefore, our expectations suggest more of the upside moves in the USDJPY price in the upcoming intraday trading, conditioned by its stability above 142.25, to target the key resistance at 144.00.
The expected trading range is between 142.25 support and 144.00 resistance.
Today’s forecast: Bullish
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GBPUSD attempts to offload its overbought conditions -Analysis-25-04-2025
The GBPUSD declined in its recent intraday trading, in a correctional move that targets catching breaths after an intraday bullish wave, the price attempts to offload the clear overbought condition in the (RSI), easing the way for regaining its positive momentum.
This move comes amid the continuation of the trading above EMA50, which reinforces the chances for its recovery again in its upcoming moves.
Therefore, our expectations suggest the GBPUSD price rise in its upcoming intraday trading, if the price settled at 1.3250 support, to target the key resistance at 1.3420.
The expected trading range is between 1.3250 support and 1.3420 resistance.
Today’s forecast: Bullish
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