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The AUDUSD leans on the moving average -Analysis-22-05-2025
The (AUDUSD) price settled on gains in its last intraday trading, after it attempted to recover some of its previous losses, and offloading its clear oversold condition on the (RSI), amid its affection by exiting bullish correctional channel, with the continuation of the negative pressure due to its trading below EMA50, and under the domination of the main bullish trend.
Therefore, our expectations suggest a rise in the (AUDUSD) in its upcoming intraday trading, especially when breaching the mentioned resistance at 0.6435, to target the key resistance at 0.6500.
The expected trading range is between 0.6390 support and 0.6480 resistance.
Today’s forecast: Bullish
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The (silver) price rose in its last intraday trading, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, supported by its continuous trading above the EMA50, the rise came after the price success in offloading some of its clear overbought signals on the (RSI), with the emergence of positive overlapping signals, preparing to reach the key resistance at $33.70.
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