Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: USD/CAD below the 1.3000 handle, broad based USD sell-off weighs

USD/CAD was up rose around 0.70% on Wednesday, hitting new multi-year highs at 1.3055 CAD was pressurized by 3.25% fall in WTI and the prospect of deeper falls in oil prices Today the pair is back below the 1.3000 handle…

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

Read the original article

  • USD/CAD was up rose around 0.70% on Wednesday, hitting new multi-year highs at 1.3055

  • CAD was pressurized by 3.25% fall in WTI and the prospect of deeper falls in oil prices

  • Today the pair is back below the 1.3000 handle, currently trading at 1.2985, slightly paring loses from day's low by 1.2959 

  • Broad based USD sell-off on a bout of profit-taking weighing on the pair

  • Long-term uptrend intact and a close below 1.2897 (10 DMA) needed to undermine uptrend

  • Major resistance is seen at 2009 and 11-year high at 1.3066, decisive break then targets 1.3470  (61.8 Fibo of 1.6195/0.9060)

  • Markets focus on Canada's retail sales and jobs data from the US for further momentum in the pair

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team