Thursday, October 15, 2026

Technicals

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FxWirePro: USD/CAD trades lower on higher oil prices , good to sell on rallies

Major resistance- 1.32500 Major support – 1.3070 (200- day MA). Loonie broken minor support 1.3150 today morning and declined till 1.31114 at the time of writing. It is currently trading around 1.31293. Canadian dollar t…

By FxWirePro Team
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FxWirePro: USD/CAD trades lower on higher oil prices , good to sell on rallies
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  • Major resistance- 1.32500
     
  • Major support – 1.3070 (200- day MA).
     
  • Loonie broken minor support 1.3150 today morning and declined till 1.31114 at the time of writing. It is currently trading around 1.31293.
     
  • Canadian dollar trading higher against all major pairs on account of higher crude oil prices.
     
  • On the lower side, major support is around 1.3070, any break below will drag the pair down till 1.3000.
     
  • The immediate resistance is around 1.3180 and any break above will take the pair till 1.32260/1.3250.

  • Overall bearish invalidation only above 1.3590.

    It is good to sell on rallies around 1.3160-65 with SL around 1.3226 for the TP of 1.3080/1.3000

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By FxWirePro Team