NZDCAD recently reversed up sharply from the support area lying between the key support level 0.8250 (monthly low from September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star Doji. Given the strengthening bullish sentiment affecting the New Zealand Dollar today- NZDCAD is expected to rise further toward the next resistance level 0.8425 (high of the previous correction 4 and the target price for the completion of wave (ii)).