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CAD/CHF Wave Analysis – 05 September , 2018

CAD/CHF broke key support level 0.7400
• Further losses are likely

CAD/CHF previously broke through the key support level 0.7400 (which stopped the A-wave of the active ABC correction (2) from the start of May, as can be seen below).

The breakout of the support level 0.7400 accelerated the active impulse wave C of the aforementioned ABC correction (2).

CAD/CHF is expected to fall further and retest the next support level 0.7300 (target for the completion of the active wave C).

CADCHF - Primary Analysis - Sep-05 1900 PM (1 day)

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