The (AUDUSD) price declined in its last intraday trading, after the stability of the critical and stubborn resistance at 0.6535, which forced the price to decline surpassing the support of its EMA50, which make the pair’s recovery difficult, especially with the emergence of the negative signals on the (RSI) after reaching overbought levels, on the other hand, the bullish trend remains the dominant with its trading alongside a bias line.
The (USDCAD) price kept rising in its last intraday trading, affected by breaching a main bearish trend line on the short-term basis, supported by its continuous trading above its EMA50, forming a dynamic support that keeps the stability of the pair’s positivity, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
The (USDJPY) price declined in its last intraday trading, in attempt to gain a positive momentum that might assist it to rise again, especially with the continuation of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis alongside a bias line, besides the beginning of the positive signals appearance on the (RSI), after entering oversold levels, which increases the positive momentum around the pair.
The (GBPUSD) price continued its decline in its last intraday trading, after offloading its clear oversold conditions on the (RSI) in its previous trading with the beginning of negative signals appearance on them, which opens the way for recording more declines, to break the current support level at 1.3410, amid its affection by breaking a main bullish trend on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50, reinforcing the negative scenario around the price.