The US Dollar Canadian Dollar USD/CAD currency pair continues to move within the framework of the correction development and the beginning of the implementation of the “Triangle” model. At the time of the forecast publication, the US Dollar to Canadian Dollar exchange rate is 1.3751. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop the fall in the Canadian Dollar price and test the support level near the 1.3735 area. Further, an upward rebound and continued growth of the currency pair on Forex. The potential target of such an instrument movement is the area above the 1.4025 level.
Canadian Dollar Forecast USD/CAD for August 12, 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 (RSI). The second signal in favor of the rise will be a rebound from the upper border of the “Triangle” pattern. The cancellation of the rise option for the USD/CAD currency pair on Forex will be a fall and a breakout of the 1.3625 area. This will indicate a breakout of the support area and a continuation of the fall in quotes to the area below the level of 1.3345. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the closing of the USD/CAD quotes above the level of 1.3905.
Canadian Dollar Forecast USD/CAD for August 12, 2025 suggests an attempt to test the support area near the level of 1.3735. Further, continued growth to the area above the level of 1.4025. An additional signal in favor of the rise of the Canadian Dollar on Forex will be a test of the support line on the relative strength indicator. The cancellation of the growth option of USD/CAD quotes will be a fall and a breakout of the level of 1.3625. This will indicate a continuation of the decline in the value of the asset with a potential target below the level of 1.3345.
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