Thursday, October 15, 2026

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USD/CAD Targets 1.2270, 38.2% Fibonacci retracement

Doji early consolidating offshore 0.6% gain - 3rd day of higher lows & highs Positive momentum studies, 5, 10 & 20 dma's target 1.2270 BoC's Poloz - 2% inflation target working well Wholesale trade data due later in a da…

By Earlence Fernandes
1 min read
USD/CAD Targets 1.2270, 38.2% Fibonacci retracement
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  • Doji early consolidating offshore 0.6% gain - 3rd day of higher lows & highs

  • Positive momentum studies, 5, 10 & 20 dma's target 1.2270

  • BoC's Poloz - 2% inflation target working well

  • Wholesale trade data due later in a day will give further direction

  • Initial support/resistance is seen at 1.2163 and 1.2250

 

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