Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD dips below lower range, bearish bias increases

USD/CAD declined sharply on Thursday, as oil rose and minutes from the Federal Reserve's July meeting weighed on the greenback. Currently, the currency pair is trading at 1.2784 levels, it is set to decline future toward…

By FxWirePro Team
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EconoTimes — Reading the Times. Understanding the Future.

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  • USD/CAD declined sharply on Thursday, as oil rose and minutes from the Federal Reserve's July meeting weighed on the greenback.
     
  • Currently, the currency pair is trading at 1.2784 levels, it is set to decline future towards 1.2750 and later 1.2700 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 1.2919, a break above will take the pair towards next resistance level at 1.2976.
     
  • To the downside immediate support can be seen at 1.2768 levels, a break below will open the door towards next level at 1.2695.

    Resistance Levels

    R1: 1.2844 (61.8% Retracement level)

    R2: 1.2919 (Aug 17th high)

    R3: 1.2976 (Aug 15th high)

    Support Levels

    S1: 1.2768 (50% Retracement level)

    S2: 1.2695 (38.2% Retracement level)

    S3: 1.2604 (23.6% Retracement level)

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By FxWirePro Team