AUDCAD Daily: Start of 5th Wave

Looking at the AUDCAD Daily chart, its been in an Elliott Wave impulse pattern since the 9th of February with wave 1 starting at the 0.96451 price level.

Currently its seems to be at the end of wave 4 and will continue with the bullish momentum. On wave 5 we could see the price move to a previous structural high (1.03473) which will be just above the Fibonacci 161.80 level.

AUDCAD