Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD edges lower from session highs at 1.3016, strong support seen at 1.2934

Dovish shift in Fed expectations post PBOC weighed on USD Wednesday USD broadly stronger today after PBOC's Yi Gang comments on the yuan returned risk-on in the markets USD/CAD rebounded from yesterday's 1.2952 base, tou…

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

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  • Dovish shift in Fed expectations post PBOC weighed on USD Wednesday

  • USD broadly stronger today after PBOC's Yi Gang comments on the yuan returned risk-on in the markets

  • USD/CAD rebounded from yesterday's 1.2952 base, touched session highs at 1.3016 before edging slightly lower to 1.3004

  • Strong support is seen by Kijun-Sen at 1.2934, while 1.3040  21 DMA is the next immediate hurdle

  • Canadian new house price index and US retail sales data due later in the day will provide further direction to the pair

Resistance Levels:

R1: 1.3040 (21 DMA)

R2: 1.3083 (Tenkan-Sen)

R3: 1.3158 (Daily High Aug 12)

Support Levels:

S1: 1.2952 (Daily low Aug 12)

S2: 1.2944  (Daily Low Jul 30)

S3: 1.2934 (Kijun-Sen)

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By FxWirePro Team