Friday, October 16, 2026

Technicals

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USD/CAD moves higher on lower oil prices

Pair rises to 1.2615 on lower oil prices WTI at USD 45.40/barrel, down 115 cents on day 1.2630 = 50% retracement of 1.2724 to 1.2536 (early Asia high) 1.2724 = Friday's high, post weak Canada retail sales data Pre-weeken…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair rises to 1.2615 on  lower oil prices

  • WTI at USD 45.40/barrel, down 115 cents on day

  • 1.2630 = 50% retracement of 1.2724 to 1.2536 (early Asia high)

  • 1.2724 = Friday's high, post weak Canada retail sales data

  • Pre-weekend low = 1.2546, 1.26 & 1.2610 option expiries today (closest-to-market) 

 

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