Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: USD/CAD outlook weaker on renewed downside pressure

USD/CAD pair has begun the week declining towards lower levels on Monday as oil prices rose and investors’ attention turned towards speech by US Federal Reserve Janet Yellen . Currently the currency pair is trading aroun…

By Keith Miller
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • USD/CAD pair has begun the week declining towards lower levels on Monday as oil prices rose and investors’ attention turned towards speech by US Federal Reserve Janet Yellen .
     
  • Currently the currency pair is trading around 1.2855 levels, it is set to decline further towards 1.2750 later towards 1.2700 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 1.2963, a break above this level would take the pair towards next resistance level at 1.3000.
     
  • To the downside immediate support can be seen 1.2814, a break below this level will open the door towards next level at 1.2770 handle.

    Resistance Levels

    R1: 1.2887 (50% Retracement level)                          

    R2: 1.2963 (61.8% Retracement level)

    R3: 1.3000 (Psychological levels)

    Support Levels

    S1: 1.2814 (38.2% Retracement level)

    S2: 1.2770 (May 5th lows)

    S3: 1.2723 (23.6% Retracement level)

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team