CADCHF recently reversed up from support zone lying between the strong support level 0.69000 (which has been reversing the price from the end of May) and the lower daily Bollinger Band. The upward reversal from this support level stopped the previous short-term downward impulse sequence 3. With the powerful bearish sentiment storm now affecting the Swiss franc across all linked currency pairs – CADCHF is likely to extend the gains toward the next resistance 0.70000 (top of the corrective wave 2 from the start of July).