NZDCAD recently reversed up from the resistance zone lying between the key resistance level 0.88500 (which has been reversing the pair from the end of April), upper Bollinger Band and the 50% Fibonacci correction of the sharp downward impulse from April. The downward reversal from this resistance zone stopped the previous minor impulse wave 1. Given the strongly bullish Canadian dollar sentiment seen across the FX markets today NZDCAD currency pair can be expected to fall further toward the next support level 0.86300 (monthly low from October).