Thursday, October 15, 2026

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USD/CAD seeks 1.2500 resistance as oil suffers

USD/CAD in 1.2438-1.2489 range, up from 1.2381 Wed' (now support) Pair strengthened by a renewed fall in oil price (Brent sub USD59) Initial resistance provided by the 10dma at 1.2496 and 21dma at 1.2500 Tenkan sen is at…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/CAD in 1.2438-1.2489 range, up from 1.2381 Wed' (now support)

  • Pair strengthened by a renewed fall in oil price (Brent sub USD59)

  • Initial resistance provided by the 10dma at 1.2496 and 21dma at 1.2500

  • Tenkan sen is at 1.2529

  • Technical support back at yesterdays 1.2381 low

  • Minimal expiries, but DTCC does show 900mln 1.24's Friday 

 

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By FxWirePro Team