Thursday, October 15, 2026

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Loonie faces strong support at 1.3246,break below targets 1.3135

Harmonic pattern- Bullish Cypher pattern Potential Reversal Zone (PRZ) -1.3300 Any break above 1.3300 will take the pair till 1.3320 /1.3500 in short term. The pair is facing strong support around 1.32460 and break below…

By Lis Howell
1 min read
Loonie faces strong support at 1.3246,break below targets 1.3135
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Harmonic pattern- Bullish Cypher pattern

Potential Reversal Zone (PRZ) -1.3300

  • Any break above 1.3300 will take the pair till 1.3320 /1.3500 in short term. 
     
  • The pair is facing strong support around 1.32460 and break below confirms major weakness a decline till 1.3180/1.3140 is possible .
     
  • Overall trend reversal only below 1.3030 level.

It is good to sell below  1.34260 with SL around 1.3300 for the TP of 1.3180/1.3135

 

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By FxWirePro Team