AUDCAD recently broke sharply through the resistance area located between the resistance level 0.96350 (top of the previous wave (a)) and the 50% Fibonacci correction of the previous downward impulse wave from the middle of March – which accelerated the active impulse waves 3 and (C). With the rising Australian dollar bullish sentiment seen across the FX markets today – AUDCAD currency pair can be expected to rise further toward the next resistance level 0.97200 (former minor resistance from the middle of March)
