Thursday, October 15, 2026

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FxWirePro: USD/CAD edges lower from highs at 1.3180, strong support lies at 1.3036 (Daily Tenkan-Sen)

USD/CAD has made a strong recovery after finding support at 1.3047 on Friday Today the pair met headwind just shy of 1.3184 after extending north from 1.3120 Tenkan line at 1.3037 provides solid support, while resistance…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/CAD has made a strong recovery after finding support at 1.3047 on Friday

  • Today the pair met headwind just shy of 1.3184 after extending north from 1.3120

  • Tenkan line at 1.3037 provides solid support, while resistance on the upside is seen at 1.3180 (day's highs)

  • Canadian calendar being void of data releases, Fed's Labour Market Conditions Index will be in focus, ahead of speeches by Fischer and Lockhart

  • WTI trades slightly lower on the day around USD 43.75/barrel

Resistance Levels:    
    
R1: 1.3184 (Daily High Aug 7)

R2: 1.3197 (Daily High Aug 6)

R3: 1.3213 (2015 High Aug 5)

Support Levels:

S1: 1.3120 (Session Low Aug 10)

S2: 1.3049 (Daily Low Aug 7)

S3: 1.3037 (Tenkan-Sen)

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By FxWirePro Team