NZDCAD recently reversed up from the key support level 0.87750 (former resistance from October- which has been steadily reversing this currency pair from last November) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 0.87750 started the active intermediate correction (B). Given the proximity of the aforementioned support level 0.87750 – NZDCAD currency pair can be expected to rise further toward the next resistance level 0.88650 (previous minor reversal pivot from the start of May).