CADCHF currency pair recently reversed up sharply from the key support level 0.71000 (previous multi-month low form August) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 0.71000 stopped the earlier medium-term corrective wave (2) from the middle of October. Given the rising bullish Canadian dollar sentiment seen across the FX markets today (on crude oil gains), CADCHF currency pair can be expected to rise further toward the next resistance level 0.72000.
