The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a declining trend and a descending channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.3781. Moving averages indicate a short-term bullish trend for the pair. Prices have broken below the signal lines, indicating selling pressure and potential further decline in the pair in the near future. Currently, we should consider an attempt to develop a bullish correction in the Canadian Dollar price and a test of the resistance level near 1.3745. Subsequently, an upward rebound and continued growth of the currency pair on Forex are possible. A potential target for this movement is above 1.3885.
Canadian Dollar Forecast USD/CAD for December 16, 2025
An additional signal favoring a rise in the Canadian Dollar is the formation of a Head and Shoulders reversal pattern on the Relative Strength Index (RSI). A second signal favoring a decline will be a rebound from the support level. A decline and a breakout of 1.3675 will cancel the upside for the USD/CAD currency pair on Forex. This will indicate a breakout of the support area and a continued decline below 1.3555. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 1.3855.
Canadian Dollar Forecast USD/CAD for December 16, 2025 suggests an attempt to test the support area near 1.3745. Further growth is expected to continue above 1.3885. A test of the support line on the relative strength indicator (RSI) will be an additional signal in favor of a rise in the Canadian Dollar on Forex. A decline and a break of 1.3675 would cancel out the upside potential for USD/CAD. This would indicate continued decline in the asset’s value, with a potential target below 1.3555.
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