AUDCAD recently reversed down from the resistance zone located between the key, multi-month resistance level 0.96500 (which ha been reversing the price from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active impulse wave (C). Given the strengthening bearish sentiment affecting the Australian dollar today – AUDCAD is likely to fall further toward the next support level 0.95000 (low of the short-term corrective wave B from the start of September).