The CADCHF currency pair quotations were growing during the last 4 sessions, and today buyers have managed to set new maxima. Within the range of increases, resistance was overcome at 0.7562, which held back the increase many times since September this year.
As can be seen in the daily chart of Canadian dollar to franc, since the closing of the Wednesday session, the price is moving over the zone at 0.7562, which indicates its breakthrough. This also means that the area can now be used as a support in case of a reversal.
The nearest target that bulls can now aim for is close to 0.7610. This is where the peak of July is located. Moreover, the zone within this level prevented the sellers from further expansion also in February, April and May 2019.
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