Thursday, October 15, 2026

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USD/CAD underpinned by latest daily hammer

Possibility seen for gains to the Ichimoku cloud base at 1.2319 Spot underpinned by large hammer posted on Apr 17 Traders to get long ahead of the 1.2088 levels Medium-term bulls to be hurt by a daily close below 1.1989 …

By Ian Preston
1 min read
USD/CAD underpinned by latest daily hammer
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  • Possibility seen for gains to the Ichimoku cloud base at 1.2319

  • Spot underpinned by large hammer posted on Apr 17

  • Traders to get long ahead of the 1.2088 levels

  • Medium-term bulls to be hurt by a daily close below 1.1989

  • 1.1989 - 38.2% of the 1.0620 to 1.2835 up-leg - would defer

 

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By FxWirePro Team