CADCHF currency pair recently broke through the resistance zone located between the key resistance level 0.77000 (which stopped the previous impulse wave (i) at the start of May) and the upper resistance trendline of the daily up channel from March. The breakout of this resistance zone accelerated the active minor impulse waves 5 and (3). Given the strong daily uptrend and the continuation of the Canadian dollar outflows – CADCHF
currency pair can be expected to rise further toward the next resistance level 0.78000 (target for the completion of the active impulse wave (iii)).