AUDCAD continues to rise inside the weekly wave (B) – which previously broke above the key resistance level 0.94400 (top of the previous wave A from the end of May). The breakout of the resistance level 0.94400 intensified the bullish pressure on this currency pair – which is affecting AUDCAD at the moment. Given the strong bullish Australian dollar sentiment seen across the FX markets today – AUDCAD is likely to extend the gains toward the next resistance 0.96000 (top of the weekly correction (a) from the start of last year, as can be seen below).