NZDCAD continues to fall inside the accelerated downward impulse wave (C) which previously broke the support zone set between the key support level 0.89450 (which has been reversing the pair from the middle of March) and the 50% Fibonacci correction of the upward impulse from October. Given the continuation of the predominantly bearish New Zealand dollar sentiment coupled with the growing Canadian dollar bullishness seen across the FX markets today – NZDCAD currency pair can be expected to fall further toward the next round support level 0.8700 (target price for the completion of the active intermediate impulse wave (C)).