Friday, October 16, 2026

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FxWirePro: USD/CAD breaks major support 1.3560, good to sell on rallies

Major resistance -1.3620 The pair has broken major support 1.3560 and declined till 1.3504. It is currently trading around 1.35266. Short term trend is weak as long as resistance 1.3625 holds. Any break above 1.3625 will…

By Lis Howell
1 min read
FxWirePro: USD/CAD breaks major support 1.3560, good to sell on rallies
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  • Major resistance -1.3620
     
  • The pair has broken major support 1.3560 and declined till 1.3504. It is currently trading around 1.35266.
     
  • Short term trend is weak as long as resistance 1.3625 holds.
     
  • Any break above 1.3625 will take the pair till 1.3700/1.3780. On the lower side any break below 1.3500 targets 1.3290/1.3257.
     
  • Overall trend reversal only above 1.3850.

It is good to sell on rallies around 1.3560 with SL around 1.3625 for the TP of 1.3450/1.3400

 

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By FxWirePro Team