Thursday, October 15, 2026

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FxWirePro: USD/CAD remains bullish as oil falls on Brexit risk

The USD/CAD pair continued its advance on Thursday, as the Canadian dollar weakened as the prices of oil lost further ground. Oil fell for the sixth straight session on mounting concerns about Britain's possible exit fro…

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

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  • The USD/CAD pair continued its advance on Thursday, as the Canadian dollar weakened as the prices of oil lost further ground.
     
  • Oil fell for the sixth straight session on mounting concerns about Britain's possible exit from the European Union.
  • The pair remains strong, as the Canadian dollar is set to lose further ground against dollar in the short term.
     
  • The currency pair is trading at 1.3037 levels, it is expected to reach 1.3100 levels and 1.3150 levels in the short term.
     
  • The immediate support can be seen at 1.2930, break below this level will expose the pair to next support level at 1.2870.
     
  • Major resistance can be seen at 1.3104, break above this level will expose the pair towards 1.3184 levels.

    Resistance Levels

    R1: 1.3044 (50% Retracement level)

    R2: 1.3104 (June 3rd high)           

    R3: 1.3184 (61.8% Retracement level)

    Support Levels

    S1: 1.2930 (50% Retracement level)        

    S2: 1.2870 (June 15th lows)          

    S3: 1.2818 (61.8% Retracement level)

 

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By FxWirePro Team