Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD remains bullish as rally continues

The USD/CAD pair remained bullish tone on Friday as buying interest continued as oil fell and domestic manufacturing sales rose by less than expected. Canadian manufacturing sales edged up by 0.1 percent in July from Jun…

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

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  • The USD/CAD pair remained bullish tone on Friday as buying interest continued as oil fell and domestic manufacturing sales rose by less than expected.
     
  • Canadian manufacturing sales edged up by 0.1 percent in July from June. The gain was well below the 1 percent gain forecast by analysts.
     
  • Further, decline for this pair is expected to be limited as US dollar is set to gain further ground against Canadian dollar in the short term.
     
  • To the upside, the strong resistance can be seen at 1.3300, a break above this level would take the pair towards next resistance level at 1.3360.
     
  • To the downside, strong support can be seen 1.3234, a break below this level will open the door towards next level at 1.3188.

    Resistance Levels

    R1: 1.3249 (23.6% Retracement level)                      

    R2: 1.3300 (Psychological levels)

    R3: 1.3360 (March 11th high)

    Support Levels

    S1: 1.3234 (38.2% Retracement level)

    S2: 1.3188 (50% Retracement level)

    S3: 1.3140 (61.8% Retracement level)

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By FxWirePro Team