AUDCAD under the bearish pressure after the price broke the support zone lying between the strong support level 0.96260 and the support trendline of the daily up channel from last month (which enclosed the previous ABC correction 2 from the start of April – as can be seen from the daily AUDCAD chart below). Given the rising bullish Canadian dollar sentiment seen across the currency markets today – AUDCAD currency pair can be expected to fall further toward the next support level 0.95350 (bottom of the previous correction (B) from the start of April).