• CADCHF reversed from support area
• Likely to rise to resistance level 0,7300
CADCHF currency pair continues to rise after recently reversing up from the key support area located between the pivotal support level 0.7185 (which stopped the earlier intermediate impulse wave C from the end of July as can be seen form the daily CADCHF index chart below). The upward reversal from this support area stopped the previous intermediate ABC correction (2).
Given the prevailing uptrend that can be seen on the daily charts , CADCHF currency pair can be expected to rise further toward the next resistance level 0,7300 (which stopped the previous minor correction B at the end of July).