Friday, October 16, 2026

Technicals

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USD/CAD runs into resistance at 1.2328 after extending north from 1.2251

Heavy stop-loss selling after 1.2350 break Wednesday Wednesday losses, to 1.2280, spurred by BoC governor Poloz & big oil price rise Low since Jan 21,2015 at 1.2251 as BOC surprised with rate cut BoC signals more rate cu…

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

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  • Heavy stop-loss selling after 1.2350 break Wednesday

  • Wednesday losses, to 1.2280, spurred by BoC governor Poloz & big oil price rise

  • Low since Jan 21,2015 at 1.2251 as BOC surprised with rate cut

  • BoC signals more rate cuts may not be needed

  • WTI oil at USD 56/barrel, following 3 buck rise Wednesday  

 

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By FxWirePro Team