CADCHF recently reversed up from the key support level 0.73650 (former monthly high from January, which has been reversing the pair from last March, as can be seen below). The upward reversal from the support level 0.73650 started the active minor impulse wave C (of the higher order ABC correction (B)) – which then broke the key resistance level 0.74500. Given the strongly bullish Canadian dollar sentiment seen across the currency markets lately, CADCHF currency pair can be expected to rise further toward the next resistance level 0.76000.
