Friday, October 16, 2026

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USD/CAD influenced by softer oil prices

Pair rises to test 1.2529 (Thursday's high) WTI threatens USD 50/barrel support level Resistance levels are 1.2529, 1.2541and 1.2546 1.2410 was Thursday's 3week low, after oil prices jumped Alberta budget deficit returns…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair rises to test 1.2529 (Thursday's high)

  • WTI threatens USD 50/barrel support level

  • Resistance levels are 1.2529, 1.2541and 1.2546

  • 1.2410 was Thursday's 3week low, after oil prices jumped

  • Alberta budget deficit returns as lower oil revenue impacts

  • 3rd estimate of US Q4 GDP at 1230GMT, +2.4% forecast and Fed Gov speaks 1945GMT

 

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By FxWirePro Team