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AUDUSD analysis 22.05.2020

The Australian dollar versus the US dollar fluctuated in a sideways path in recent sessions, and the price continues to move inside the bullish channel that appears in the picture, while the EMA50 continues to support the price from below.


Therefore, our bullish overview will remain valid for today, which requires stability above 0.6490, while noting that our main waited target is at 0.6685.


The expected trading range for today is between 0.6500 support and 0.6650 resistance.


Expected trend for today: bullish.

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