NZDCAD recently reversed up from the support zone located between the key support level 0.86100 (which has been reversing the price from the start of December), lower daily Bollinger Band the 38.2% Fibonacci correction of the previous upward impulse from the start of November. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Doji. Given the strong bullish sentiment affecting News Zealand dollar at the moment – NZDCAD is likely to rise further toward the next resistance level 0.87000 (which reversed the previous ABC correction (2) earlier this month).