Intraday Analysis 10.06.2026

Intraday analysis covering GBPUSD Finds support, USDCAD , and XAUUSD, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets.

GBPUSD finds support

The pound continues to bounce back after the recent sell-off that saw over 100 pips wiped off the value of cable. The pair has met buying interests near the previous swing low of 1.3320.

• An oversold RSI suggested a move away from a further downturn.
• A close above the first resistance of 1.3460 will ease some of the pressure.
• Bulls will need to clear the next hurdle at 1.3520 before cable can resume the uptrend.
• A deeper correction would send the pair towards 1.3250.

USDCAD maintaining the uptrend

The Canadian dollar looks to stop the rot after the pair hit another higher high.

• On the chart, price action remains torn between 1.3960 and 1.3920 as the pair awaits the next direction.
• The continued recovery has hit resistance just above 1.3960, as buyers look towards 1.3980 as an immediate top.
• Any signs of exhaustion and prices could revisit 1.3860, where a breakdown would make the pair vulnerable to a bearish drive towards 1.3800.

XAUUSD losing momentum

Gold remains pressured with the ongoing geopolitical tensions, which have led to a choppy ride for the yellow metal.

• Fresh selling and profit-taking have seen prices drift lower, with 4290 acting as a critical floor to keep the directional bias upward.
• The RSI’s oversold situation has attracted some buyers, and 4400 is the first hurdle to clear to the upside.
• Only a close above 4440 would attract momentum buyers and signal a bullish continuation towards 4560.
  

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