Thursday, October 15, 2026

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FxWirePro: Loonie struggles to close above 1.4000, good to sell on rallies

The pair has broken trend line support 1.3930 (trend line joining 1.3314 and 1.3673) and declined till 1.93150. Intraday trend is slightly weak as long as resistance 1.3960 holds. Any break above 1.3960 will take the pai…

By Lis Howell
1 min read
FxWirePro: Loonie struggles to close above 1.4000, good to sell on rallies
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  • The pair has broken trend line support 1.3930 (trend line joining 1.3314 and 1.3673) and declined till 1.93150. Intraday trend is slightly weak as long as resistance 1.3960 holds.
     
  • Any break above 1.3960 will take the pair to next level 1.3980/1.4000.
     
  • On the lower side break below 1.39150 targets 1.3900/1.3850 level.

It is good to sell on rallies around 1.3955-60 with SL around 1.4000 for the TP of 1.3900/1.3850

 

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By FxWirePro Team