CADCHF recently reversed up from the support area located at the intersection of the key support level 0.7490 (which stopped the previous corrective wave (iv)) and the 38.2% Fibonacci correction of the previous upward impulse wave from the start of August. Given the moderate bearish sentiment affecting the Swiss Franc at the moment – coupled with the oversold daily Stochastic – CADCHF is likely to rise further toward the next resistance level 0.7565 (former monthly high from September).