CADCHF currency pair today reversed up with the daily Japanese candlesticks pattern Piercing Line from the support zone located between the strong key support level 0.71800 (low of the corrective wave 2 from the middle of September, as can be seen from the daily CADCHF chart below) and the daily lower Bollinger Band. The upward reversal form this support zone stopped the previous ABC correction (2). Given the strength of the aforementioned support zone and the still oversold reading on the daily Stochastic indicator, CADCHF currency pair can be expected to rise further toward the next resistance level 0.73000.