Thursday, October 15, 2026

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FxWirePro: Sell USD/CAD on rallies around 1.2900-905 with SL around 1.2945 for the TP of 1.2800/1.2760

Loonie has broken major support 1.2900 which confirms short term weakness, a decline till 1.2780/1.2750 is possible . On the higher side any intraday bullishness can be seen only above 1.2940 . break above 1.2940 will ta…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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Loonie has broken major support 1.2900 which confirms short term weakness, a decline till 1.2780/1.2750 is possible .

  • On the higher side any intraday bullishness can be seen only above 1.2940 . break above 1.2940 will take the pair till 1.2985/1.3020.
     
  • Overall bearish invalidation only above 1.3080 level.

It is good to sell on rallies around 1.2900-905 with SL around 1.2945 for the TP of 1.2800/1.2760.

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By FxWirePro Team