Monday, October 19, 2026

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USD/CAD breaks major resistance 1.3380, targets 1.3450

Major trend reversal level- 1.3380 USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness, a jump till 1.3450/1.3500 is possible . Short term trend reversal can happen only below …

By Lis Howell
1 min read
USD/CAD breaks major resistance 1.3380, targets 1.3450
Image from the original EconoTimes article
  • Major trend reversal level- 1.3380
     
  • USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness,  a jump till 1.3450/1.3500 is possible .
     
  • Short term trend reversal can happen only below 1.3320 and break below targets 1.3290/1.3240.
     
  • Overall bullish invalidation only below 1. pair's minor support is around 1.3340.

It is good to buy at dips around 1.3380-85 with SL around 1.3340 for the TP of  1.3450/1.3495.

 

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