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The post USD/CAD pulls back from 1.4150 resistance – Société Générale appeared on BitcoinEthereumNews.com. USD/CAD is retreating after rejecting resistance near 1.4150 and is now moving toward the 200-DMA and key channel support at 1.3930/1.3880. A bounce is possible at this zone, but a break below it would open the door to further losses, Société Générale’s FX analysts note. USD/CAD drifts toward key 200-DMA support “USD/CAD has retracted after encountering interim hurdle at the upper limit of a multi-month ascending channel and the low of February near 1.4150. It is gradually drifting towards the 200-DMA and the lower band of the channel at 1.3930/1.3880, which is a crucial support.” “Achievement of this zone may result in a short-term bounce. If the pair fails to defend the MA near 1.3930/1.3880, there would be a risk of an extension in decline.” Source: https://www.fxstreet.com/news/usd-cad-pulls-back-from-14150-resistance-societe-generale-202511170952The post USD/CAD pulls back from 1.4150 resistance – Société Générale appeared on BitcoinEthereumNews.com. USD/CAD is retreating after rejecting resistance near 1.4150 and is now moving toward the 200-DMA and key channel support at 1.3930/1.3880. A bounce is possible at this zone, but a break below it would open the door to further losses, Société Générale’s FX analysts note. USD/CAD drifts toward key 200-DMA support “USD/CAD has retracted after encountering interim hurdle at the upper limit of a multi-month ascending channel and the low of February near 1.4150. It is gradually drifting towards the 200-DMA and the lower band of the channel at 1.3930/1.3880, which is a crucial support.” “Achievement of this zone may result in a short-term bounce. If the pair fails to defend the MA near 1.3930/1.3880, there would be a risk of an extension in decline.” Source: https://www.fxstreet.com/news/usd-cad-pulls-back-from-14150-resistance-societe-generale-202511170952

USD/CAD pulls back from 1.4150 resistance – Société Générale

Author: BitcoinEthereumNews

Source: BitcoinEthereumNews

2025/11/17 18:59

NEAR$1.732-2.03%

NOW$0.00073-19.78%

OPEN$0.17296-0.84%

USD/CAD is retreating after rejecting resistance near 1.4150 and is now moving toward the 200-DMA and key channel support at 1.3930/1.3880. A bounce is possible at this zone, but a break below it would open the door to further losses, Société Générale’s FX analysts note.

USD/CAD drifts toward key 200-DMA support

“USD/CAD has retracted after encountering interim hurdle at the upper limit of a multi-month ascending channel and the low of February near 1.4150. It is gradually drifting towards the 200-DMA and the lower band of the channel at 1.3930/1.3880, which is a crucial support.”

“Achievement of this zone may result in a short-term bounce. If the pair fails to defend the MA near 1.3930/1.3880, there would be a risk of an extension in decline.”

Source: https://www.fxstreet.com/news/usd-cad-pulls-back-from-14150-resistance-societe-generale-202511170952

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