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The AUDUSD reaches the resistance of its simple moving average -Analysis-10-07-2025
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The AUDUSD reaches the resistance of its simple moving average -Analysis-10-07-2025
Jul 9, 2025 9:40 PM

The (AUDUSD) price rose in its last intraday trading, supported by the emergence of positive signals on the (RSI), indicating the improvement in the technical momentum and pushing the price to the upside temporarily.

This rise reached the resistance of the EMA50, which represents an important technical barrier amid the continuation of the bearish correctional trend dominance on a short-term basis, which might limit the price ability to resume the rise, if it couldnt breach this level stably.

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