The USD/CAD currency pair continues to move within the framework of the development of the fall and the formation of the bullish “Wolf Wave” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4254. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the pair’s decline in the near future. At the moment, it is worth considering an attempt to develop the Canadian Dollar price decline and test the support level near the 1.4225 area. Next, an upward rebound and continued growth of the currency pair on Forex. The potential target of such movement of the instrument is the area above the 1.4355 level.
Canadian Dollar Forecast USDCAD for March 27, 2025
An additional signal in favor of the growth of the Canadian Dollar quotes will be a test of the support line on the relative strength indicator. The second signal in favor of a fall will be a rebound from the upper border of the “Triangle” pattern. The cancellation of the growth option of the USD/CAD currency pair on Forex will be a fall and a breakout of the 1.4225 area. This will indicate a breakout of the support area and a continuation of the fall in quotes to the area below the 1.4015 level. Expect confirmation of the pair’s growth with a breakout of the resistance area and closing of the USD/CAD quotes above 1.4405, which will indicate a breakout of the upper border of the bullish “Wolfe Wave” pattern and the beginning of the pattern with targets at the top.
Canadian Dollar Forecast USDCAD for March 27, 2025 suggests an attempt to test the support area near the level of 1.4225. Further, continuation of growth to the area above the level of 1.4355. An additional signal in favor of the Canadian Dollar on Forex will be a test of the trend line on the relative strength indicator. The cancellation of the growth option for USD/CAD quotes will be a fall and a breakout of the level of 1.4225. This will indicate a continued decline in the value of the asset with a potential target below the level of 1.4015.
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