The currency ended the year with a loss greater than 15.0% however in the last week of the year rallied more than 1.0%.
Last week the CADCHF rallied with a wide range and closed near the high of the week, also closing above previous week high, suggesting a strong bullish momentum.
The Stochastic is showing is crossing above the extreme oversold level and displaying a week bullish momentum.
The CADCHF is in a bearish phase since the end of December 2015 after the death cross.
Expecting an upward move to a key level at 0.7566 on a break above of previous week high at 0.7253 (scenario 1) or a break below the previous week low at 0.7086 may drag the pair down to a weekly support at 0.6904 (scenario 2).