NZDCAD recently reversed down from the resistance area located between the round resistance level 0.90000 (former support from December), upper daily Bollinger Band and the lower trendline of the daily up channel from last year. The downward reversal from this resistance area stopped the previous impulse wave 3. With the strengthening New Zealand dollar bearish sentiment seen across the FX markets today – NZDCAD currency pair can be expected to fall further toward the next support level 0.88800 (former minor resistance from the start of April).