Looks like AUDCAD has finally found a bottom at the 261.8% Fib, which happens to be the end of the A wave.
We had a nice uptrend from 28th of January until the 5th of April, where it topped out and formed a rising wedge.
It then retraced into the area of the 4th wave from 16th of March. I now expect price to run up into the green box, before it starts retracing back down. It's even possible that AUDCAD will move past the 50% Fib and top out at around 61.8% or even the 67% fib.
We had a nice uptrend from 28th of January until the 5th of April, where it topped out and formed a rising wedge.
It then retraced into the area of the 4th wave from 16th of March. I now expect price to run up into the green box, before it starts retracing back down. It's even possible that AUDCAD will move past the 50% Fib and top out at around 61.8% or even the 67% fib.
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