CADCHF recently reversed up from the support area lying between the key support level 0.69100 (which has been reversing the pair from the middle of May) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier impulse wave 3 from last month. Given the oversold reading on the daily Stochastic indicator – CADCHF is likely to extend the gains toward the next resistance level 0.69900 (top of the previous short-term correction 2 from the start of July). Strong support remains at the support level 0.69100.