CADCHF recently reversed up with the daily candlesticks reversal pattern Bullish Engulfing from the support area lying between the support level 0.7440 (which has been reversing the price from September), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse wave (1) from August. CADCHF is currently trading close to the key resistance level 0.7510 (top of the previous wave (ii)) – the breakout of which can lead to the next resistance level 0.7565 (top of the earlier wave B).
