Thursday, October 15, 2026

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USD/CAD support at 1.2350 is a major pivot

Tight doji in Asia - opened -0.43% & confirms Tuesday's bearish outside day 20 day Bollinger's, Momentum studies, 5, 10 & 20 dma's crest Close below 1.2350 range low would be a strong bearish signal Longer term targets 1…

By Meredith J C Warren
1 min read
USD/CAD support at 1.2350 is a major pivot
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  • Tight doji in Asia - opened -0.43% & confirms Tuesday's bearish outside day

  • 20 day Bollinger's, Momentum studies, 5, 10 & 20 dma's crest

  • Close below 1.2350 range low would be a strong bearish signal

  • Longer term targets 1.1967, 38.2% of 2014/15 rally

  • Initial support/resistance is NY 1.2395/1.2459 range

 

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