AUDUSD demonstrated a remarkable recovery in the recent session, nearly recovering all losses incurred over the preceding four sessions. The upward momentum in prices is notably robust. Anticipate further upward movement in the price. It is advisable to adjust stop losses (SLs) and maintain existing buying positions. Breaking the 0.65 threshold would serve as a confirmation signal for the market. In the event of a successful breakthrough, there is a potential for a reversal, with the target being the upper boundary of the long-term descending price channel, providing an opportunity to consider buying positions.
