“AUDUSD experiences normal profit-taking after recent moves – Analysis – 01-12-2025”

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“The AUDUSD pair edged lower amid choppy trading, pressured by the stability of the 0.6550 resistance level—our anticipated target from previous analysis. The pair is consolidating prior gains while attempting to build the bullish momentum needed to break above this barrier. The short-term outlook remains influenced by a strong corrective uptrend, supported by continued trading above the EMA50, which provides dynamic support. However, negative signals have begun to appear on the relative strength indicators after reaching overbought levels, which may hinder the pair’s ability to extend its upward movement in the intraday period.”

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