CADCHF under bearish pressure after the earlier reversal from the powerful resistance area lying between the long-term resistance level 0.7620 (which has been reversing the price from the start of February) and the upper daily Bollinger Band. The downward reversal from the aforementioned resistance area created the daily reversal pattern Evening Star – which started the active impulse wave 3. CADCHF is likely to fall further toward the next support level 0.7565 (former multi-month resistance level).