AUDCAD currency pair recently reversed up from the support zone located between the key support level 0.95000 (which has been reversing the price from November of 2020 as can be seen from the daily AUDCAD chart below) – strengthened by the lower daily Bollinger Band and by the 61.9% Fibonacci correction level of the previous sharp upward impulse from October. Given the strength of the aforementioned support zone – AUDCAD currency pair is expected to rise further toward the next resistance level 0.96000 (former support from the middle of March – low of wave (iii)).