Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

USD/CAD faces strong support around 1.3050, break below targets 1.2960

Loonie breaks short term trend line support and has declined till 1.30733. It is currently trading at 1.3137. Short term trend is still weak as long as resistance 1.3220 holds. The pair's minor resistance is around 1.318…

By Lis Howell
1 min read
USD/CAD faces strong support around 1.3050, break below targets 1.2960
Image from the original EconoTimes article

Read the original article

  • Loonie breaks short term trend line support and has declined till 1.30733. It is currently trading at 1.3137.

  • Short term trend is still weak as long as resistance 1.3220 holds.

  • The pair's minor resistance is around 1.3185.

  • On the downside major support is around 1.3050 and any break below will drag the pair further down till 1.300/1.2960.

  • Any further weakness only below 1.3050.

 It is good to sell on rallies around 1.3140-45 with SL around 1.3185 for the TP of 1.3055/1.300

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team