Friday, October 16, 2026

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Spot USD/CAD still underpinned by cloud

Market still underpinned by Ichimoku, top comes in at 1.2415 Traders are seeking to get long at 1.2440 Tenkan & kijun lines stay aligned positively, possibility for a revival A daily close under 1.2350 puts off, up leg a…

By Ian Preston
1 min read
Spot USD/CAD still underpinned by cloud
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  • Market still underpinned by Ichimoku, top comes in at 1.2415

  • Traders are seeking to get long at 1.2440

  • Tenkan & kijun lines stay aligned positively, possibility for a revival

  • A daily close under 1.2350 puts off, up leg at 1.2350 - 38.2% retrace of 1.1565 to 1.2835 

 

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