CADCHF currency pair recently reversed up from the support zone lying between the key support level 0.74900 (former powerful resistance from October and March), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward price impulse from the end of April. The upward reversal from this support zone stopped the previous sharp
downward correction 4. Given the rising bullish Canadian dollar sentiment seen across the currency markets today, CADCHF currency pair can be expected to rise further toward the next resistance level 0.75500.