CADCHF Wave Analysis 02 November, 2020

• CADCHF reversed from support zone

• Likely to rise to 0.6970

CADCHF continues to rise inside the short-term impulse wave 3, which started earlier from the support zone lying between the support level 0.6840, lower daily Bollinger Band and the support trendline of the daily down channel from October.

The active impulse wave 3 belongs to the strong intermediate upward impulse sequence (3) from the end of July.

CADCHF is likely to rise further toward the next strong resistance level 0.6970 (top of wave (b) of the previous ABC correction 2).