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fxJun 16, 2026, 8:30 AM

USD/CAD extends uptrend toward 1.4150 – SocGen

Analyst Kenneth Broux of Societe Generale notes USD/CAD has broken above a key descending trendline and a multi-month base, signaling further upside toward 1.4150.

USDCAD

Kenneth Broux of Societe Generale highlights that USD/CAD has extended its uptrend, breaking above a key descending trendline and the upper boundary of a multi-month base. This technical development points to renewed upside momentum.

The analyst sees the pair targeting the 1.4150 area in the near term. The breakout confirms a bullish reversal from the previous consolidation range, reinforcing the positive outlook for the U.S. dollar against the Canadian dollar.

Source: FXStreet Forex News