AUDCAD continues to rise inside the short-term corrective wave (ii) – which started earlier from the support level 0.95000. The active wave (ii) is aligned with the predominant daily uptrend from March of this year. Given the strong daily uptrend and the strengthening bullish Australian dollar sentiment seen across the FX market today – AUDCAD is likely to rise further toward the next resistance level 0.97000 (top of the impulse waev 5 from July and the target price for the completion of the active corrective wave (ii)).