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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 16.10.2025

Technical Analysis
Thursday, October 16, 2025 - 00:18
Point Trader Group
USDCAD 16.10.2025

Overall Trend:

Bullish breakout above 1.40238 with 1.39259 acting as a nearby base. While holding above 1.40238, buyers retain the upper hand; losing it invites a corrective pullback.

Expected Scenario:

Bullish: Stability above 1.40238 supports gradual topside extension.

Bearish: A drop back below 1.40238 suggests a move toward 1.39259; a breakdown there exposes 1.35822.

Key Levels:

Resistance: 1.40238

Support: 1.40238 (role flip) – 1.39259 – 1.35822 – 1.35665 – 1.35495

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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