Thursday, October 15, 2026

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USD/CAD fraction softer in Asia, consolidating yesterday's 1% loss

Yesterday's 1.2485 61.8% Fibonacci break proved false once again Momentum studies & 5 dma crest - 10 & 20 dma's head north Conflicting signals - close below 1.2388 10dma suggests consolidation Initial support is at 1.236…

By Earlence Fernandes
1 min read
USD/CAD fraction softer in Asia, consolidating yesterday's 1% loss
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  • Yesterday's 1.2485 61.8% Fibonacci break proved false once again

  • Momentum studies & 5 dma crest - 10 & 20 dma's head north

  • Conflicting signals - close below 1.2388 10dma suggests consolidation

  • Initial support is at 1.2368 and resistance is seen at 1.2419

 

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