CADCHF Wave Analysis – 20 December, 2021

• CADCHF broke pivotal support level 0.7135

• Likely to fall to support level 0.7050

CADCHF currency pair recently broke through the pivotal support level 0.7135 (which has been reversing the price from February).

The breakout of the support level 0.7135 accelerated the active short-term impulse wave C of the ABC correction (2) from October.

CADCHF can be expected to fall further toward the next support level 0.7050 (target price for the completion of the active ABC correction (2)).