CADCHF currency pair recently reversed up from the support area lying between the key support level 1.16650 (former monthly high from the middle of August, as can be seen from the daily CADCHF chart below) and the 38.2% Fibonacci correction of the upward price impulse from the middle of September. Given the rising bullish Canadian dollar sentiment seen across the FX markets today (due to crude oil gains) – CADCHF currency pair can be expected to rise further toward the next powerful resistance level 0.74900 (which has been reversing the price from March).