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USD/CAD extends breakout above 200-DMA - Société Générale
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USD/CAD extends breakout above 200-DMA - Société Générale
New
2025.10.10 19:00
2025.10.10 19:00
2025.10.10 19:00
USD/CAD has broken out of its multi-month consolidation, advancing above the 200-day moving average as bullish momentum strengthens. The daily MACD remains firmly in positive territory, suggesting scope for further gains toward 1.4110-1.4165. Any near-term retracement is likely to find support around the recent pivot low at 1.3930, Société Générale's FX analysts note.
Upward momentum targets 1.4110-1.4165 zone
"USD/CAD recently broke out from its multi-month range and crossed the 200-DMA. Daily MACD remains anchored within positive territory highlighting prevalence of upward momentum."
"The pair is gradually heading towards projections of 1.4110/1.4165, which could be an intermittent resistance zone. In case a short-term pullback develops, the recent pivot low at 1.3930 is likely to cushion downside."
Last updated
: 2025.10.10
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