Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD pauses decline, downside risk remains

The USD/CAD pair continued its decline on Friday, as the Canadian dollar gained strength as the prices of oil gained further ground. The pair hit low at 1.3130 levels in the early US session, but recovered towards 1.3170…

By FxWirePro Team
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The USD/CAD pair continued its decline on Friday, as the Canadian dollar gained strength as the prices of oil gained further ground.
     
  • The pair hit low at 1.3130 levels in the early US session, but recovered towards 1.3170 as oil prices pared gains.
     
  • The pair remains weak, as the Canadian dollar is set to gain further against dollar in the short term.
     
  • The currency pair is trading at 1.3156 levels, it is expected to reach 1.3100 levels and 1.3070 levels in the short term.
     
  • The immediate support can be seen at 1.3156, break below this level will expose the pair to next support level at 1.3120.
     
  • Major resistance can be seen at 1.3249, break above this level will expose it towards 1.3300 levels.

    Resistance Levels

    R1: 1.3200 (50% Retracement level)

    R2: 1.3249 (Oct 6th high)

    R3: 1.3300 (Psychological levels)

    Support Levels

    S1: 1.3156 (50% Retracement level)        

    S2: 1.3120 (23.6% Retracement level)    

    S3: 1.3074 (23.6% Retracement level)

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By FxWirePro Team