AUDCAD currency pair recently reversed up from the support area located between the key support level 0.91000 (which stopped the pervious sharp downward impulse wave 1) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier impulse waves (iii), 3 and (3). Given the strength of the aforementioned support area and the bullish divergence on the daily Stochastic indicator, AUDCAD currency pair can be expected to rise further toward the next resistance level 0.92000 (previous minor reversal high from the middle of this month).