Intraday Analysis 07.05.2026

Orbex intraday analysis (07 May 2026) focuses on short-term technicals across GBPUSD, AUDUSD and the NAS 100. GBPUSD formed a firm double top at ~1.3630, prompting sterling weakness and leaving 1.3510 and 1.3460 as key supports; a 60‑pip pullback is the immediate downside target unless price breaks above 1.3630 which would revive bullish momentum. AUDUSD met resistance at 0.7260, showing a bearish RSI divergence with 0.7180 as the next support and 0.7300 the second resistance. The NAS 100 pushed above the 28,000 level—helped by hopes of a Middle East peace deal—with 28,800 as the next upside target, though a longer‑term bearish divergence leaves 27,600 as a key downside test. Overall the piece is technical‑analysis driven: near‑term downside risks for GBPUSD and AUDUSD versus continued upside potential in US tech, but with caution due to divergences.