AUD/CAD Reverses Higher From 0.9760 Support Toward 0.9945

AUD/CAD has reversed higher from the 0.9760 support zone, launching a short-term impulse wave 3 within the larger wave (5) structure that began in June. The rebound follows a period of range-bound trading driven by the 210-basis-point interest-rate advantage for the Australian dollar, with the RBA holding its cash rate at 4.35% and the Bank of Canada keeping policy at 2.25%. The pair previously traded below 0.9838 inside the broader 0.9745–0.9960 range. Daily trend remains upward, and price is now projected to extend toward the 0.9945 resistance level that capped prior waves.