Thursday, October 15, 2026

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FxWirePro:USD/CAD faces strong resistance at 1.34200, good to buy on dips

Major resistance- 1.34200 Major support – 1.3300 Loonie recovered sharply from the low of 1.33173 yesterday. It is currently trading around 1.34176. Any convincing break above 1.34200 will take the pair to next level til…

By FxWirePro Team
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FxWirePro:USD/CAD faces strong resistance at 1.34200, good to buy on dips
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  • Major resistance- 1.34200
     
  • Major support – 1.3300
     
  • Loonie recovered sharply from the low of 1.33173 yesterday. It is currently trading around 1.34176.
     
  • Any convincing break above 1.34200 will take the pair to next level till 1.3465/1.3530. The pair should close above 1.35885 for further bullishness.
     
  • On the lower side, any break below 1.3300 (7- day EMA) will drag the pair down till 1.3250 (daily Tenken-Sen)/1.3200 (100- day MA).

    It is good to buy on dips around 1.34000 with SL around 1.3300 for the TP of 1.3530/1.35880   

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By FxWirePro Team