Societe Generale forecasts further gains for the pair after breaking a descending trendline and multi-month base resistance.
USD/CAD has broken above a descending trendline and the upper boundary of a multi-month base, signaling renewed upward momentum. The pair is now targeting resistance levels at 1.4030/1.4090 and the November 2025 peak near 1.4150.
Initial support is seen at 1.3940/1.3900 on any pullbacks. The breakout follows a period of consolidation, with the pair regaining strength after crossing key technical levels.
No immediate market reaction was specified, but the technical outlook suggests potential for further upside in the near term.