Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: USD/CAD strongly bearish despite upside attempts

The USD/CAD pair inched higher on Tuesday as crude oil prices declined, with the currency pair pulling back from daily lows reached in the early European session. The pair hit low at 1.2833 before recovering to trade aro…

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

Read the original article

  • The USD/CAD pair inched higher on Tuesday as crude oil prices declined, with the currency pair pulling back from daily lows reached in the early European  session.
     
  • The pair hit low at 1.2833 before recovering to trade around 1.2930 levels in the early US session.
     
  • As long the pair trades below strong resistance located at 1.2995 levels, the ongoing bearish trend for the pair is set to continue.
     
  • The immediate support can be seen at 1.2876, break below this level will expose the pair to next support level at 1.2833.
     
  • Major resistance can be seen at 1.2995, break above this level will expose it towards 1.3050 and beyond.

    Resistance Levels

    R1: 1.2941 (38.2% Retracement level)

    R2: 1.2995 (50% Retracement level)

    R3: 1.3050 (61.8% Retracement level)

    Support Levels

    S1: 1.2876 (38.2% Retracement level)    

    S2: 1.2833 (Daily lows)

    S3: 1.2768 (May 12th lows)

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team