The (AUDUSD) price declined sharply in its last intraday trading, with the stability of the stubborn and critical resistance level at 0.6535, attempting to gain positive momentum that might assist to breach this resistance, amid the dominance of the main bullish trend and its trading within a minor channel’s range on the short-term basis, supported by its trading above EMA50, which represents a dynamic pressure that keeps the bullish momentum that is surrounded the pair, especially with the emergence of bullish overlapping signals on the (RSI) indicators, after reaching oversold levels.
The (USDCAD) price settled low in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI) after reaching overbought levels, reinforcing the bearish trend scenario.
The (USDJPY) price rose in its last intraday trading, affected by breaching a bearish correctional trend line on a short-term basis, with the continuation of the positive support that comes from its trading above its EMA50, keeping the positive momentum, especially with the emergence of the bullish signals on the (RSI), after reaching oversold levels.
The (GBPUSD) price declined in its last intraday trading, affected by negative technical formation on the short-term basis(the rising wedge pattern), with a continuous negative pressure due to its trading below its EMA50, besides the emergence of the negative signals on the (RSI), after its success in offloading its oversold condition in previous trading, which opens the way towards recording several declines, to break the current support at 1.3490.