The Aussie recovered significantly against the U.S Dollar to trade above $0.7140, and the bullish trend was confirmed by the Harmonic pattern 0-5 pushing the prices toward the Fibonacci level 224 %. Today we expect a slight recover of the Aussie Dollar toward the Fibonacci 261.8 % at $0.7158, then $0.7170, which will represent a strong resistance level and good opportunities to enter sell positions as the we expect a shift of the trend from bullish to bearish and will retreat toward the following targets of $0.7120, $0.7104 and $0.7085.
