Friday, October 16, 2026

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Spot USD/CAD underpinned by cloud

Spot obtained support ahead of the Ichimoku cloud on Wed Inability to close below 1.2535 suggests bullish setup 1.2535 is 23.6% retrace of the 1.1565 to 1.2835 up-leg Traders to get long at 1.2620 for gains to 1.2835 1.2…

By Ian Preston
1 min read
Spot USD/CAD underpinned by cloud
Image from the original EconoTimes article

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  • Spot obtained support ahead of the Ichimoku cloud on Wed

  • Inability to close below 1.2535 suggests bullish setup

  • 1.2535 is 23.6% retrace of the 1.1565 to 1.2835 up-leg

  • Traders to get long at 1.2620 for gains to 1.2835

  • 1.2835 is 2015 high posted on Wed

 

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