USD/CAD rejected at 1.4150 resistance – Société Générale

FXStreet Insights Team FXStreet

USD/CAD failed to clear the key 1.4150 trend-line barrier and is retreating toward the 200-DMA. A short-term bounce is possible, but a break below 1.3920/1.3880 could open the way for a broader downside move, Société Générale's FX analysts note.

Pair slips toward 200-DMA support zone

"USD/CAD failed to overcome the interim hurdle near 1.4150 representing the descending trend line drawn since January and the low of February 2025. The pair has pulled back towards the 200-DMA near 1.3920/1.3880, which is also the lower limit of an ascending channel drawn since July."

"A brief rebound is likely; cross beyond 1.4150 will be crucial for confirming a larger uptrend. Inability to defend the moving average near 1.3920/1.3880 may lead to an extended decline."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro flirts with daily tops near 1.1530

EUR/USD has regained momentum after Monday’s pullback, advancing past the 1.1500 barrier to reach daily highs on turnaround Tuesday. Hopes for a diplomatic solution to the Middle East crisis continue to weigh on the US Dollar, alongside disheartening June US JOLTs figures.

Ripple Price Forecast: XRP extends technical weakness despite whales increasing exposure

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

Volatility waits for fresh catalyst ahead of US-Iran 'talks'

EU mid-market update: SpaceX and AMD to report after the close; Volatility waits for fresh catalyst ahead of US-Iran 'talks'. - Middle East and energy drives sentiment still.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.