Thursday, October 15, 2026

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USD/CAD raises bids to 1.2430

Traders look to get long at 1.2430 for gains to 1.2600 & beyond Layers of support have formed between 1.2353/1.2388; February 3/26 lows Daily close below 1.2286 will shift the bias back to the downside 1.2286 - 23.6% ret…

By Meredith J C Warren
1 min read
USD/CAD raises bids to 1.2430
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  • Traders look to get long at 1.2430 for gains to 1.2600 & beyond

  • Layers of support have formed between 1.2353/1.2388; February 3/26 lows

  • Daily close below 1.2286 will shift the bias back to the downside

  • 1.2286 - 23.6% retrace of the 1.0620 to 1.2800 up-leg

 

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By FxWirePro Team