Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD regains upwards momentum, critical resistance lies ahead

The USD/CAD pair rose on Thursday as oil prices declined, with the currency pair pulling back from 4-week low reached on Wednesday. Losses for the loonie came one day after Bank of Canada policymakers said they had consi…

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

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  • The USD/CAD pair rose on Thursday as oil prices declined, with the currency pair pulling back from 4-week low reached on Wednesday.
     
  • Losses for the loonie came one day after Bank of Canada policymakers said they had considered adding more monetary stimulus.
     
  • The pair hit low at 1.3166 before rebounding sharply to trade around 1.3192 levels in the afternoon US session.
     
  • Short dip around 1.3157 should be viewed as buying opportunities, as the Canadian dollar is weaker against the US dollar in intraday trading.
     
  • The immediate support can be seen at 1.3190, break below this level will expose the pair to next support level at 1.3157.
     
  • Major resistance can be seen at 1.3240, break above this level will expose the pair towards 1.3305 levels.

    Resistance Levels

    R1: 1.3217 (Session high)

    R2: 1.3240 (23.6% Retracement level)

    R3: 1.3305 (Oct 13th high)

    Support Levels

    S1: 1.3190 (38.2% Retracement level)    

    S2: 1.3157 (50% Retracement level)

    S3: 1.3120 (61.8% Retracement level)

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By FxWirePro Team