Thursday, October 15, 2026

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USD/CAD failed to sustain 1.2485, 61.8% Fibonacci retracement

Fraction softer in Asia - opened at -0.15% with a shooting star reversal Close below 1.2420 would leave a 1.2538 top in place Momentum studies conflict, 5, 10 & 20 dma's track north - net positive Initial support/resista…

By Earlence Fernandes
1 min read
USD/CAD failed to sustain 1.2485, 61.8% Fibonacci retracement
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  • Fraction softer in Asia - opened  at -0.15% with a shooting star reversal

  • Close below 1.2420 would leave a 1.2538 top in place

  • Momentum studies conflict, 5, 10 & 20 dma's track north - net positive

  • Initial support/resistance are seen at 1.2412 and 1.2434 levels

 

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