Chart the Market (28/10/2026)
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Chart the Market (28/10/2026)

Published: 28 October 2026,02:51

Published: 28 October 2026,02:51

Chart The Market

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USDCAD,  D1:                                                               

USD/CAD has found support above the 61.8% Fibonacci retracement level at 1.3965 following a period of consolidation after the pair reached its highest level since April 2025. The subsequent rebound above this key support suggests that buying interest remains intact, potentially preserving the pair’s broader long-term bullish trajectory.

As long as USD/CAD holds above the 1.3965 support level, the bullish bias remains intact, with the pair potentially advancing toward a retest of its previous peak in the next leg. However, a decisive break below this support could weaken the bullish outlook and expose the pair to further downside pressure.

ResistanceLevels:1.4100, 1.4170

Support Levels: 1.4030, 1.3965

Alphabet,  D1

Alphabet has been trading in a lower-high price pattern since reaching its all-time peak at $408.10, indicating that bearish pressure has continued to build. The stock has also broken below the 61.8% Fibonacci retracement level at $324, suggesting that the prevailing downward trend may extend as sellers maintain control.

Should bearish momentum persist, Alphabet’s share price could extend its decline toward the critical support level at $272.50. A sustained move toward this level would reinforce the bearish outlook, while a recovery above $324 could signal a potential stabilisation in price action.

Resistance Levels: 337.30, 372.30

Support Levels:307.90, 272.50

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