CADCHF recently reversed up from the resistance area located between the key resistance level 0.6965 (which reversed the previous upward correction 2 in October) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active short-term impulse wave (iii). Given the growing bullish Swiss franc sentiment seen across the FX markets today, CADCHF is likely to fall further toward the next support level 0.68600 (former minor support from the end of October) followed by the support level 0.68400.