AUD/CAD continued in an upwards trend, all the way from 0.7171, since early October 2008, to 1.0775 in February 2012. It seems that a five-wave formation now is countable, and lower prices are to be expected. A Daily and a 4-hour chart follows below. The first chart shows an overall picture, and the second takes a closer look at the count form X to (B). My expectations are that, price can move to 1.0220 areas, between May and June.