Thursday, October 15, 2026

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FxWirePro: USD/CAD sees scope for recovery

USD/CAD recovering from day's lows by 1.2918, currently trades at 1.2960 Immediate resistance is seen at 1.3043 (Daily High Jul 28), while support lies at 1.2920 (Daily Low Jul 29) Market focus lies on the Fed, no change…

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

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  • USD/CAD recovering from day's lows by 1.2918, currently trades at 1.2960

  • Immediate resistance is seen at 1.3043 (Daily High Jul 28), while support lies at 1.2920 (Daily Low Jul 29)

  • Market focus lies on the Fed, no change is policy is expected, commentary bias is the key

  • A hawkish statement could buoy USD bulls, taking the pair higher

Resistance Levels:

R1: 1.2966 (Daily High Jul 29) 

R2: 1.3043 (Daily High Jul 28)

R3: 1.3050 (Daily High Jul 27)

Support Levels:

S1: 1.2920 (Daily Low Jul 29)

S2: 1.2912 (Daily Low Jul 28)

S3: 1.2900 (Psychological Level)

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By FxWirePro Team