NZDCAD currency pair recently reversed up from the support zone lying between the support level 0.86650 (low of the previous intermediate correction (4) from the start of July) and the lower daily Bollinger Band. The upward reversal from this support zone started the active intermediate corrective wave (B). Given the oversold daily Stochastic and the strongly bullish New Zealand dollar sentiment seen across the FX markets today – NZDCAD currency pair can be expected to rise further toward the next resistance level 0.87750.