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).
