CADCHF recently broke sharply through the support zone located between the key support level 0.74150 (which has been steadily reversing the price from the start of December) the 61.8% Fibonacci correction of the previous ABC correction from the middle of August. The breakout of this support zone accelerated the active impulse waves 3 and (3). Given the rising bullish Swiss Franc sentiment and the clear daily downtrend – CADCHF is likely to fall further toward the next support level 0.73750 (low of the previous short term correction 4 from the start of September). Strong resistance now stands at the broken price level 0.74150.