NZDCAD currency pair recently reversed up from the support area located between the key support level 0.88000 (which has been reversing the price from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward price impulse wave (1) from the start of October, as can be seen from the daily NZDCAD chart below. The upward reversal from this support area stopped the previous correction (2). Given the strength of the aforementioned support area, CAD outflows, NZDCAD currency pair can be expected to rise further toward the next resistance level 0.89000 (which reversed the price multiple times from the end of October).