AUDCAD continues to fall inside the short-term impulse wave 3, which started earlier from the round resistance level 0.9000. The active impulse wave 3 belongs to the medium-term impulse sequence (3) from the end of
January. Given the strong bearish Australian dollar sentiment seen across the markets today and the clear downtrend visible on the daily AUDCAD charts, the price is likely to remain under the bearish pressure and to fall further toward the next support level 0.8830 (multi-month low from October).