Thursday, October 15, 2026

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FxWirePro: USD/CAD faces strong resistance around 1.4070, good to sell on rallies

Major resistance -1.4070 (trend line joining 1.4174 and 1.4108) Loonie recovered after making a low of 1.39040. It is currently trading around 1.40320. Short term trend is still weak as long as resistance 1.4070 holds. A…

By Lis Howell
1 min read
FxWirePro: USD/CAD faces strong resistance around 1.4070, good to sell on rallies
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  • Major resistance -1.4070 (trend line joining 1.4174 and 1.4108)
     
  • Loonie recovered after making a low of 1.39040. It is currently trading around 1.40320.
     
  • Short term trend is still weak as long as resistance 1.4070 holds. Any break above 1.4070 will drag the pair to next level 1.4100/1.4150 level.
     
  • On the lower side major support is around 1.3985 and break below targets 1.3960/1.3900/1.3880.

It is good to sell on rallies around 1.4040 with SL around 1.4080 for the TP of 1.3980/1.3960

 

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By FxWirePro Team