The (AUDUSD) price declined in its last intraday trading, due to the continuation of the dynamic resistance that is represented by its trading below EMA50, with the emergence of the negative signals on the (RSI), after the price success to offload its oversold conditions in its previous trading, on the other hand, the main bullish trend dominates the pair’s trading on the short-term basis, and trades alongside a minor bias line that supports its positive move.
The (USDCAD) price witnessed a fluctuated trading in its last intraday trading, due to the stability of the support level at 1.3570, providing some positive momentum to recover its previous losses, attempting to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the positive signals from them, this comes amid the continuation of the negative pressure that comes from its trading below its EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line.
The (USDJPY) price rose in its last intraday trading, amid its trading alongside a main bullish trend on the short-term basis, to succeed in its last rise to surpass he resistance of its EMA50, getting rid of its negative pressure, on the other hand, we notice the emergence of the negative overlapping signals on the (RSI), after reaching overbought levels, which makes its moves fluctuated due to the pressure that might decrease the upcoming gains.
The (GBPUSD) price declined sharply in its last intraday trading, after its attempts to gain the required positive momentum to assist it to attack the critical resistance level at 1.3600, to lean on the support of its EMA50.
This performance comes with the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, besides the beginning of the positive signals on the indicators, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.