Friday, October 16, 2026

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USD/CAD recovery expected

Spot obtained support ahead of the Ichimoku cloud on Wed Inability to close below 1.2535 - 23.6% retrace of 1.1565 to 1.2835 up-leg Traders are looking to go long at 1.2590 in expectation for gains to 1.2835 1.2815 - 201…

By Ian Preston
1 min read
USD/CAD recovery expected
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  • Spot obtained support ahead of the Ichimoku cloud on Wed

  • Inability to close below 1.2535 - 23.6% retrace of  1.1565 to 1.2835 up-leg

  • Traders are looking to go long at 1.2590 in expectation for gains to 1.2835

  • 1.2815 - 2015 high seen on Wed

 

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By FxWirePro Team