CADCHF currency pair recently reversed up from the combined support area set between the pivotal support level 0.71850 (which has been reversing the price from the middle of July), 50% Fibonacci correction of the upward price impulse from December and the lower daily Bollinger Band. Given the strength of the aforementioned support area, weakening Canadian dollar bearishness and the clear daily uptrend – level currency pair can be expected to rise further toward the next resistance level 0.72500.
