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fxJul 15, 2026, 8:58 AM

USD/CAD Pulls Back After Failing at 1.4130, Loonie Gains

Societe Generale analysts note USD/CAD is retreating after failing to break above 1.4130, with interim resistance now near 1.4250. The move supports the Canadian dollar from a technical perspective.

USDCAD

Societe Generale strategists report that USD/CAD is pulling back after the pair failed to hold above the 1.4130 level. This failure has created a technical reversal pattern, benefiting the Canadian dollar.

Interim resistance for USD/CAD is now seen near 1.4250, capping further upside for the greenback against the loonie. The current pullback aligns with a broader technical break that favours CAD strength in the near term.

Source: FXStreet Forex News