AUDCAD continues to decline within the short-term impulse wave 3 which started earlier from resistance area lying between the key resistance level 0.9020 (top of the previous waves 4, A and (2)), upper daily Bollinger Band, resistance trendline of the daily down channel from April and the 61.8% Fibonacci correction of the previous downward impulse wave (1). Given the moderate negative Australian Dollar sentiment seen across the markets today, AUDCAD is likely to extend the losses toward the next support level 0.8880 (low of the earlier Morning Star and impulse wave 1).