CADCHF Wave Analysis – 10 November, 2022

• CADCHF falling inside wave (2)

• Likely to test support level 0.7200

CADCHF recently reversed down with the daily Shooting Star from major resistance level 0.7400 (former strong support from the end of August).

The downward reversal from the resistance level 0.7400 started the active intermediate ABC correction (2).

CADCHF can be expected to fall further toward the next support level 0.7200 (target for the completion of the active correction (2)).