NZDCAD currency pair recently reversed up from the long-term support level 0.86300 (former monthly low from October), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.8630 will most likely form the daily Japanese candlesticks reversal pattern Bullish Engulfing – strong bullish signal for this currency pair. Given the strength of the term support level 0.86300 and the oversold daily Stochastic – NZDCAD currency pair can be expected to rise further toward the next resistance level 0.87500 (former monthly low from March).