Thursday, October 15, 2026

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Canadian dollar continues to add strength against US dollar, good to sell on rallies

Pair is well supported below 1.39 marks and currently trading at 1.3856 levels. A break of 1.4001marks is required to confirm to bullish trend. Alternatively, current downfall will drag the parity below 1.3639 levels and…

By Earlence Fernandes
1 min read
Canadian dollar continues to add strength against US dollar, good to sell on rallies
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  • Pair is well supported below 1.39 marks and currently trading at 1.3856 levels.
     
  • A break of 1.4001marks is required to confirm to bullish trend.
     
  • Alternatively, current downfall will drag the parity below 1.3639 levels and 1.3523 levels thereafter.
     
  • Initial resistance levels are seen at 1.3987, 1.4057 and 1.4197 levels.
     
  • On the other side, support levels are seen at 1.3777, 1.3639 and 1.3567 levels.

We prefer to take short position in USD/CAD around 1.3870, stop loss 1.4001 and target 1.3567 levels. 

 

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