The US Dollar Canadian Dollar USD/CAD currency pair continues to move within the framework of the development of the fall and the beginning of the implementation of the “Wedge” reversal model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3791. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, 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 the growth of the Canadian Dollar price and a test of the resistance level near the 1.3835 area. Further, a downward rebound and a continuation of the fall of the currency pair on Forex. A potential target for such a movement of the instrument is the area below the 1.3645 level.
Canadian Dollar Forecast USD/CAD for August 28, 2025
An additional signal in favor of a decline in Canadian Dollar quotes will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of a fall will be a rebound from the lower border of the “Wedge” reversal pattern. The cancellation of the fall option for the USD/CAD currency pair on Forex will be strong growth and a breakout of the 1.3965 area. This will indicate a breakout of the resistance area and continued growth of quotes to the area above the 1.4185 level. Confirmation of the pair’s fall should be expected with a breakout of the support area and closing of the USD/CAD quotes below the 1.3765 level.
Canadian Dollar Forecast USD/CAD for August 28, 2025 suggests an attempt to test the resistance area near the 1.3835 level. Further, a continuation of the fall to the area below the 1.3645 level. An additional signal in favor of the decline of the Canadian Dollar on Forex will be a test of the resistance line on the relative strength indicator. The cancellation of the option of a fall in USD/CAD quotes will be a strong growth and a breakout of the level of 1.3965. This will indicate a continuation of the rise in the value of the asset with a potential target above the level of 1.4185.
