CADCHF today broke the support area lying between the key support level 0.74900 (low of the previous corrections (a) and (iv)) and the 38.2% Fibonacci retracement of the previous extended upward impulse from August. Given the strong bearish Canadian Dollar sentiment seen across the markets – CADCHF is likely to remain under bearish pressure and to fall toward the next pivotal support level 0.74300 (target for the completion of the active wave 2 and the low of the previous corrections (2) and (a) from September and October respectively).