USD/CAD tests key 200-DMA support zone – Société Générale

FXStreetDec 5, 2025 9:44 AM

View all comments（0）



USD/CAD is pressing into major support at the 200-day average and the base of its multi-month channel near 1.3920/1.3880, Société Générale's FX analysts note.

Break below 1.3880 opens path to 1.3830, 1.3770

"USD/CAD has pulled back towards the lower limit of a multi-month channel and the 200-DMA at 1.3920/1.3880. It will be interesting to see if the pair can maintain above this zone. A brief bounce is possible, however, recent highs near 1.4150 may provide resistance."

"In case the pair fails to defend the moving average, the decline may extend. The next objectives could be located at 1.3830 and September low of 1.3770/1.3725."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Seagate Shares Tumble Nearly 7% Monday, Dragging Down Memory Chip Sector; Is the Memory Chip Sector Set for a Major Correction?

TradingKey - Amid AI-driven demand for storage chips, Seagate Technology (STX) shares faced a market sell-off following management's cautious stance on the pace of capacity expansion.

SpaceX Stock Split Ignites Record IPO Expectations, Space Sector Opens Higher Across the Board

TradingKey - During the week of May 18 ET, SpaceX will launch a 5-for-1 stock split, clearing high-price barriers for the world’s largest-ever IPO. Boosted by the news, the U.S. commercial space sector opened higher across the board on Monday.

Japanese Stocks Open Higher, Korean Stocks Dragged by Heavyweights, Samsung and SK Hynix Lead Losses

TradingKey - The Nikkei 225 Index edged up 0.6% at the open, with intraday gains steadily expanding to 1%. In contrast, South Korea's KOSPI Index exhibited a weak consolidation pattern, falling 1.2% early in the session before intensified selling pressure pushed the decline to 2%.

Micron Technology Stock Outlook: Can MU Stock Rally Above $1,000 in 2026?

TradingKey - Micron Technology has become one of the biggest winners of AI in the semiconductor industry. Previously viewed mostly as a cyclical manufacturer of memory chips, Wall Street is now starting to see Micron as an important AI infrastructure company.

SpaceX IPO Date Set for June 12 at a $1.75 Trillion Valuation - Everything You Need to Know About SPCX

TradingKey - SpaceX IPO targets June 12, 2026 on Nasdaq (SPCX). Raising up to $75B at $1.75T valuation — largest IPO in history. Starlink 9M+ users, $15–16B 2025 revenue. Dual-class shares. Musk keeps control.

Featured Tools