Thursday, October 15, 2026

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FxWirePro: USD/CAD struggles to close below 1.3400, good to buy on dips

Major Intraday Support – 1.3390 Loonie has once again recovered sharply after declining slightly below 1.4000 level. It is currently trading around 1.34525. The pair has also broken major trend line resistance around at …

By FxWirePro Team
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FxWirePro: USD/CAD struggles to close below 1.3400, good to buy on dips
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  • Major Intraday Support – 1.3390
     
  • Loonie has once again recovered sharply after declining slightly below 1.4000 level. It is currently trading around 1.34525.
     
  • The pair has also broken major trend line resistance around at 1.3445 (trend line joining 1.35638 and 1.34996).
     
  • On the higher side, major resistance is around 1.3540 and any violation above targets 1.3600/1.3660 level.
     
  • Short term weakness can be seen below 1.3375 and any indicative break below targets 1.3320/1.3265.

  • Overall bullishness only above 1.3540.

    It is good to buy on dips around 1.3440 with SL around 1.34000 for the  TP of 1.3500/1.3530

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By FxWirePro Team