CADCHF Wave Analysis – 10 March 2023

• CADCHF broke major support level 0.6775

• Likely to fall to major support level 0.6600

CADCHF falling sharply following the earlier breakout of the major support level 0.6775 (which has been reversing the price from the start of 2020).

The breakout of the support level 0.6775 accelerated the active intermediate impulse wave (3).

Given the predominant weekly downtrend, CADCHF can be expected to fall further toward the next support level 0.6600.