NZDCAD recently reversed up from the support area lying between the support level 0.8310 (which was set as the likely downward target in our earlier forecast for this currency pair), lower daily Bollinger Band and the support trendline of the daily down channel from March. With the strengthening bullish New Zealand Dollar sentiment seen across the markets and the clear bullish divergence on the daily Stochastic indicator -NZDCAD is likely to remain under bullish pressure today and extend the gains toward the next resistance level 0.5400 (top of the previous corrective wave (ii)).