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 Tuesday as the Canadian dollar gained strength as the prices of oil gained further ground. The pair hit low at 1.3104 levels in the early US session but recovered towards 1.3116 …

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 Tuesday as the Canadian dollar gained strength as the prices of oil gained further ground.
     
  • The pair hit low at 1.3104 levels in the early US session but recovered towards 1.3116 as oil prices pared gains.
     
  • The pair remains weak as the Canadian dollar is set to gain further against the dollar in the short term.
     
  • The currency pair is trading at 1.3113 levels, it is expected to reach 1.3090 levels and 1.3060 levels in the short term.
     
  • The immediate support can be seen at 1.3102, a break below this level will expose the pair to next support level at 1.3060.
     
  • Major resistance can be seen at 1.3134 break above this level will expose it towards 1.3168 levels.

    Resistance Levels

    R1: 1.3134 (50% Retracement level)

    R2: 1.3168 (61.8% Retracement level)    

    R3: 1.3211 (Dec 9th high)

    Support Levels

    S1: 1.3102 (38.2% Retracement level)    

    S2: 1.3060 (23.6% Retracement level)    

    S3: 1.3000 (Psychological levels)

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By FxWirePro Team