Thursday, October 15, 2026

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USD/CAD bullish outside day, but ranges dominate

-20pts in Asia CLc1 trades +1.22%, after a bullish outside day, as oil fell 20 day Bollinger's contract, momentum studies crest, 5, 10 & 20 dma's curl Setup implies month of consolidation can continue 1.2377/1.2623 20 da…

By Meredith J C Warren
1 min read
USD/CAD bullish outside day, but ranges dominate
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  • -20pts in Asia CLc1 trades +1.22%, after a bullish outside day, as oil fell

  • 20 day Bollinger's contract, momentum studies crest, 5, 10 & 20 dma's curl

  • Setup implies month of consolidation can continue

  • 1.2377/1.2623 20 day Bollinger's define range parameters

  • Initial support/resistance is NY 1.2388/1.2535 range

 

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