CADCHF recently reversed up from the support area lying between the key support level 0.7430 (which stopped the previous ABC correction B in September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous wave (2) from the start of August. Given the moderate bearish sentiment affecting the Swiss Franc at the moment – CADCHF is likely to remain under bullish pressure today and rise toward the next resistance level 0.7500 (50% Fibonacci retracement of the pervious downward correction from the resistance level 0.7550).