CADCHF recently reversed up sharply from the support area lying between the key support level 0.7440 (which has been reversing the price from the middle of September), 50% Fibonacci correction of the previous upward
impulse from August and the lower daily Bollinger Band. Given the strengthening bearish Swiss Franc sentiment – CADCHF is likely to remain under bullish pressure and to extend the gains toward the next resistance level 0.7490 (former support from October, which stopped earlier waves 4 and A).