CADCHF recently reversed up sharply from the multi-year support area lying between the key support level 0.67700 (which stopped the sharp monthly downtrend in 2014 and 2015)–strengthened by the lower monthly Bollinger Band.The upward reversal from this support area stopped the earlier multi month downward impulse sequence(3) from the end of 2019. Given the strength of the aforementioned support area and the rising bearish Swiss Franc sentiment seen across the markets today-CADCHF is likely to extend the gains toward the next resistance level0.70000 (former powerful support from 2016).