AUDCAD recently reversed down with the daily Japanese candlesticks reversal pattern Falling Star from the resistance area located between the resistance level 0.9020 (which stopped the previous waves 4 and A), upper daily Bollinger Band, 61.8% Fibonacci correction of the previous downward impulse (1) from September and the resistance trendline of the daily down channel from April. Given strengthening bearish Australian Dollar sentiment – AUDCAD is expected to fall further in the active medium-term impulse wave (3) toward the next support level 0.8900 (former strong support from August) – from where the pair is likely to correct up.