Categories: Technical analysis

CADCHF Wave Analysis – 16 October 2025

CADCHF: ⬇️ Sell

– CADCHF broke support level 0.5700

– Likely to fall to support level 0.5600

CADCHF currency pair recently broke below the pivotal support level 0.5700 (which has been reversing the pair from the middle of September).

The breakout of the support level 0.5700 accelerated the active downward impulse wave iii of the impulse of the intermediate impulse wave (3) from May.

Given the clear daily downtrend, CADCHF currency pair can be expected to fall to the next strong support level 0.5600 (target for the completion of the active impulse wave 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: CADCHF

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