NZDCAD recently reversed up from the support area lying between the key support level 0.90600 (which previously reversed the price in the middle of December), lower daily Bollinger Band and the 38.2% Fibonacci correction level of the previous sharp upward impulse wave 1. The upward reversal from this support area started the active impulse wave 3. Given the clear daily uptrend and the strongly bullish sentiment affecting the new Zealand dollar today – NZDCAD currency pair can be expected to rise further toward the next resistance level 0.92400 (top of the previous impulse wave 1).