The US Dollar Canadian Dollar USD/CAD currency pair continues to move within the development of a correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3776. 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 growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop a fall in the price of the Canadian Dollar and a test of the support level near the area of 1.3745. Further, an upward rebound and continued growth of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.3945.
Canadian Dollar Forecast USD/CAD for August 13, 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 lower border of the bullish channel. The cancellation of the USD/CAD rise option on Forex will be a fall and a breakout of the 1.3655 area. This will indicate a breakout of the support area and a continuation of the fall in quotes to the area below 1.3365. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and closing of the USD/CAD quotes above 1.3835, which will indicate a breakout of the upper border of the downward correction channel.
Canadian Dollar Forecast USDCAD for August 13, 2025 suggests an attempt to test the support area near the level of 1.3745. Further, continued growth to the area above the level of 1.3945. 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 scenario for USD/CAD quotes will be a fall and a breakout of the 1.3655 level. This will indicate a continued decline in the asset value with a potential target below the 1.3365 level.
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