AUDCAD currency pair recently reversed up from the support zone lying between the key support level 0.91350, which has been reversing the pair from the end of July (as can be seen from the daily AUDCAD chart below) and the lower daily Bollinger band. The upward reversal from this support zone stopped the earlier intermediate impulse wave (3). Given the rising CAD outflows on the continued losses on the crude oil markets, AUDCAD currency pair can be expected to rise further toward the next resistance level 0.92500 (which stopped the previous correction (2)).