CADCHF recently reversed down from the round resistance level 0.70000 (top  of the previous correction (ii) from the start of July) – standing near the upper daily Bollinger band. The downward reversal from this resistance level started the active impulse wave 3. Given the strongly bullish sentiment storm affecting Swiss franc today – CADCHF is likely extend the losses toward the next support level 0.69000 (low of the previous impulse waves (1) and 1, as can be seen below).