NZDCAD currency pair recently broke the pivotal support level 0.87300 (which stopped the previous wave (A) earlier this month). The breakout of the support level 0.87300 accelerated the active short-term impulse wave (A) of the higher-order corrective wave from the middle of July. Given the clear downtrend and the strongly bearish NZD sentiment seen across the currency markets today – NZDCAD currency pair can be expected to fall further toward the next support level 0.86650 (low of the previous corrective wave (4)).