CADCHF recently broke below the key support level 0.73750 (which reversed the price with two consecutive daily Japanese candlesticks reversal patterns Hammer earlier this month – as can be seen below). The breakout of the support level 0.73750 accelerated the active impulse waves 3 and (3). Given the rising bearish Canadian dollar sentiment seen across the markets today and the proximity of the aforementioned price level 0.73750 (action as strong resistance after it was broken) – CADCHF is likely to fall further toward the next support level 0.73250.