The (AUDUSD) price settled in its last intraday trading, due to its lean on the main bullish trend line on the short-term basis, providing positive momentum that assisted it rebound higher, especially with the emergence of the bullish signals on the (RSI) after reaching oversold levels, facing the threshold of trading below EMA50, which formed a dynamic resistance that prevents its recovery and expanding its gains.
The (USDCAD) price declined in its last intraday trading, to gather the gains of its previous losses, and attempts to gain a positive momentum that might assist it to recover and rise again, beside the attempt to offload its clear overbought condition on the (RSI), especially with the emergence of the negative signals from them, amid the dominance of bullish correctional wave and its affection by breaching a main bearish trend line on the short-term basis, supported by its trading above its EMA50.
The (USDJPY) price declined in its last intraday trading, in attempt to gain a positive momentum that might assist it to recover and rise again, attempting at the same time to offload its overbought conditions on the (RSI), especially with the emergence of the negative signals, this comes amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the main bullish trend on the short-term basis and its trading alongside a bias line.
The (GBPUSD) price extended its gains in its last intraday trading, retesting the critical resistance at 1.3475, as strong attempt to recover some of its previous losses, amid its affection by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the reach of the (RSI) to exaggerated overbought levels, suggesting the beginning of negative divergence especially with the emergence of negative overlapping signals, indicating a quick lost for the positive momentum and suggest a near reverse for the trading.