Thursday, October 15, 2026

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FxWirePro: USD/CAD recovers from 1.2979 low, weak oil restricts CAD gains

USD/CAD has recovered from the day's low of 1.2979 and is currently trading at 1.2990 Broad based USD weakness on poor data (Fri) and rise in Gold prices pushed the pair lower Weakness seen in WTI crude restricting gains…

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

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  • USD/CAD has recovered from the day's low of 1.2979 and is currently trading at 1.2990

  • Broad based USD weakness on poor data (Fri) and rise in Gold prices pushed the pair lower

  • Weakness seen in WTI crude restricting  gains in the CAD and capped the downside

  • However further losses in Crude during the day may hurt the CAD, and pair could extend higher

  • Immediate support is seen at 1.2980 (hourly 200-MA), while resistance on the flip side is located at 1.3038 (daily high) 

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By FxWirePro Team