CADCHF currency pair recently reversed up from the support area lying between the key support level 0.71850 (previous monthly low from July), lower daily Bollinger Band and the 50% Fibonacci correction of the extended upward impulse wave from last December. The upward reversal from this support area stopped the previous ABC correction (2). With the clear daily uptrend – CADCHF currency pair can be expected to rise further toward the next resistance level 0.73300 (top of the previous impulse wave (1) from the middle of July).
CADCHF reversed from support area; Likely to rise to resistance level 0.73300
