AUDCAD currency pair recently reversed down from the resistance area located between the resistance level 0.96340 (former strong support from the start of March), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the start of last month – which started the active wave (b). Given the strength of the nearby resistance area, continued Australian dollar bearishness seen today – AUDCAD currency pair can be expected to fall further toward the next support level 0.95000 (low of the previous corrections (b) and 2 from December and March).