NZDCAD continues to rise after the price broke above the strong resistance level 0.91540 (which stopped the previous sharp upward impulse wave (iii) at the start of December as can be seen from the daily NZDCAD chart below). The breakout of the resistance level 0.91540 accelerated the active minor impulse wave 3 – which belongs to the multi-month upward impulse wave (3) from August. Given the clear prevailing uptrend and the strong NZD bullishness seen today – NZDCAD is expected to rise further toward the next resistance level 0.93000 (top of the wide daily up channel from May and the target price for the completion of the active impulse wave 3).