CADCHF currency pair recently reversed up from the pivotal support level 0.73850 (former multi-month high from August), intersecting with the 38.2% Fibonacci correction of the upward impulse from the middle of September. The upward reversal from the support level 0.73850 stopped the earlier corrective wave (ii) from the middle of October. Given the rising Canadian dollar bullishness seen across the FX markets today – CADCHF currency pair can be expected to rise further toward the next resistance level 0.74850 (which has been reversing the price from March).