Thursday, October 15, 2026

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FxWirePro: EUR/CAD rejected by stiff trendline resistance at 1.4578, slips below 20-day MA

Recovery attempts in EUR/CAD were rejected by stiff trendline resistance at 1.4578. The pair has slipped below 20-DMA at 1.4552, but downside finds strong support at 1.45 (50-DMA). Momentum studies are neutral, we see we…

By FxWirePro Team
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FxWirePro: EUR/CAD rejected by stiff trendline resistance at 1.4578, slips below 20-day MA
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  • Recovery attempts in EUR/CAD were rejected by stiff trendline resistance at 1.4578.
     
  • The pair has slipped below 20-DMA at 1.4552, but downside finds strong support at 1.45 (50-DMA).
     
  • Momentum studies are neutral, we see weakness only on break below 1.45.
     
  • The softer tone in crude oil prices is collaborating with CAD weakness, and is likely to keep downside cushioned.
     
  • Break below 1.45 could see test of 1.4460 and then 1.4428 (Aug 15 low) levels.
     
  • On the flip side immediate resistance is seen at 1.4552 (20-DMA) ahead of 1.4578 (trendline).
     

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By FxWirePro Team