Canadian Dollar: 1.3970 in Focus against US Dollar – Societe Generale

FXStreetJul 20, 2026 7:53 AM

View all comments（0）



Societe Generale technical analysts highlight that USD/CAD failed to sustain a break above 1.4130, triggering a deeper pullback. The pair is drifting towards the 50-DMA and March peak near 1.3970, seen as key support. A rebound could face resistance at 1.4150/1.4175, while a break below 1.3970 would expose the May high around 1.3870/1.3850.

Key support at 1.3970 under scrutiny

"USD/CAD failed to hold above the upper band of its previous broad consolidation range at 1.4130, resulting in a deeper pullback."

"The pair is gradually drifting towards the 50-DMA, the March peak around 1.3970 could be a potential support."

"It will be important to monitor whether the pair can maintain above the 50-DMA."

"If a short-term rebound materializes, last week's high at 1.4150/1.4175 may act as an interim resistance."

"Failure to defend 1.3970 could extend the decline towards the May high around 1.3870/1.3850."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

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

Ethereum Price Prediction: ETH Holds $1,840 as the Only Major in Weekly Green - Is $2,000 the Next Magnet?

Ethereum outperforms the market, holding crucial $1,840 support as spot ETF inflows surge. Discover why whales are targeting a breakout past $2,000.

Today’s Market Recap: AMD Microsoft Partnership Boosts Semiconductor Sector, AMD, Intel, Micron Collectively Rebound

TradingKey - On July 20 (ET), the three major US stock indices closed slightly lower. Investors continued to weigh the escalation of Middle East tensions, high oil prices, and the impact of large-cap tech earnings this week. Despite a recovery in the semiconductor sector following last week’s sharp

Intel (INTC) Price Forecast: Two Days From Earnings; 317% YoY Gain, 12% Options Swing

Intel reports Q2 2026 on Thursday after close. Up 317% in a year. 18A-P is in risk production. Apple and Microsoft are foundry partners. Options pricing a 12% swing. At $97, here is what Thursday needs to prove.

Japan and South Korea Stocks Rebound After Slump: Kioxia Leads Gains, Samsung, SK Hynix and SoftBank Rise

Japanese and South Korean stock markets rebounded following sharp declines, with the KOSPI and Nikkei 225 edging higher. Kioxia led the gains, while Samsung Electronics, SK Hynix, and SoftBank followed suit.

SpaceX Stock Price Prediction: Can Starship, Starlink and Space AI Support SpaceX’s Long-Term Valuation? Can the Stock Price Still Rise?

TradingKey - As of July 17 ET, SpaceX (SPCX) shares dropped 5.43% for the day to $123.99, falling below its $135 IPO price. Compared to its strong performance shortly after listing, when it surged above $200, the current share price is under sustained pressure. To the market, SpaceX remains a highly unique leader in space technology; however, high initial valuations, uncertainty surrounding Starship testing, and a re-evaluation of the commercialization pace by investors have pushed the stock into a short-term de-bubbling phase.

Featured Tools