Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD hits fresh multi-year peaks, weak Canadian GDP data and falling oil prices weigh on CAD

Weakness around crude oil prices buoyed USD/CAD spot well above the 1.3100 handle Oil prices dropped to multi month lows on Monday as OPEC supply rises in July and demand concerns on weak China data USD/CAD spot jumped t…

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

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  • Weakness around crude oil prices buoyed USD/CAD spot well above the 1.3100 handle

  • Oil prices dropped to multi month lows on Monday as OPEC supply rises in July and demand concerns on weak China data 

  • USD/CAD spot jumped to a new multi-year high at 1.3169, currently paring some gains to trade at 1.3161

  • Momentum is bullish, Tenkan & kijun lines positively aligned, further gains likely

  • U.S. ISM Manufacturing and Personal Spending/Income data due later in the day in focus for further direction

Resistance Levels:

R1: 1.3175 (2015 High Aug 3)

R2: 1.3200 (Psychological Level)

R3: 1.3264 (30-Day Upper Bollinger)

Support Levels:

S1: 1.3081 (Session Low Aug 3)

S2: 1.3018 (Tenkan-Sen)

S3: 1.2944 (Daily Low Jul 30)

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By FxWirePro Team