(AUDUSD) is maintaining consecutive gains in recent intraday trading, supported by positive signals from the relative strength indicators after reaching oversold levels. This upward move has led the pair to test EMA50s resistance, which has halted the recent series of gains in the short term.

This comes amid the dominance of the main short-term bearish trend, with price moving along a descending trendline that supports this bearish path, limiting the chances of a sustained recovery in the near term.