AUDUSD Bounced From The Lows As Expected

AUDUSD bounced from the lows as expected, exactly from 261.8% Fibonacci extension level where we were looking for a bottom of fifth wave within larger wave five of (3). Market is now back above 0.7800 with very sharp price action, so looks like that bottom has been formed and that price will continue even higher within minimum three wave rise. We suspect that sooner or later pair will go back to 0.8030.
AUDUSD 4h Elliott Wave Analysis