CADCHF Wave Analysis – 19 January, 2023

   • CADCHF reversed from support level 0.679

• Likely to rise to resistance level 0.6916

CADCHF today reversed up from the key support level 0.679 (which has been stopping all downward impulses from December).

The support zone near the support level 0.679 was strengthened by the lower daily Bollinger Band.

Given the bullish divergence on the daily Stochastic indicator, CADCHF can be expected to rise further toward the next resistance level 0.6916.