AUDCAD currency pair recently reversed up with the daily reversal pattern Piercing Line from the support zone lying between the key support level 0.92500 (which has been reversing the price from the middle of October), and the lower daily Bollinger band. The upward reversal from of this support zone stopped the previous impulse wave (3). Given the strength of the aforementioned support zone – AUDCAD currency pair can be expected to rise further toward the next resistance level 0.93400 (which has been reversing the price from the end of June).