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fxJul 20, 2026, 7:54 AM

Societe Generale: USD/CAD Fails to Hold Above 1.4130, Eyes 1.3970

Societe Generale technical analysts note that USD/CAD could not sustain a break above 1.4130, triggering a pullback. The pair is now moving toward the 50-DMA and the March peak near 1.3970, which is seen as key support.

USDCAD

Societe Generale's technical analysts report that USD/CAD's attempt to break and hold above the 1.4130 resistance level has failed, leading to a more pronounced pullback. The pair is now drifting lower, approaching the 50-day moving average and the March peak around 1.3970.

This level is identified as a key support zone. A break below could open the door for further downside, while a bounce from here might signal a continuation of the broader trend. Traders are closely watching this area for directional cues.

Source: FXStreet Forex News