Thursday, October 15, 2026

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Loonie breaks minor trend line support, targets 1.3260/1.3220

Intraday trend reversal Level- 1.3300 (trend line joining 1.32900 and 1.32970) USD/CAD has made a low of 1.32972 and slightly recovered from that level. It is currently trading around 1.3303. Any break below confirms int…

By Lis Howell
1 min read
Loonie breaks minor trend line support, targets 1.3260/1.3220
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Intraday trend reversal Level- 1.3300 (trend line joining 1.32900 and 1.32970)

  • USD/CAD has made a low of 1.32972 and slightly recovered from that level. It is currently trading around 1.3303.
     
  • Any break below confirms intraday weakness , decline till 1.3260/1.3220 is possible.
     
  • On the higher side minor resistance is around 1.3350 and break above targets 1.3370/1.3400.

It is good to sell on rallies around 1.3305-307 with SL around 1.3350 for the TP of 1.3260/1.3220

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