The USD/CAD pair continues its movement within the framework of a downtrend and a descending channel. At the time of this forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3534. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines upward, signaling pressure from buyers and potential continuation of the price rise in the near future. At the moment, consider the attempt to develop a bullish correction for the Canadian Dollar and test the resistance area near 1.3565. Subsequently, a bounce downward and continuation of the pair’s decline on Forex. The potential target for such a movement is the area below the level of 1.3435.
Canadian Dollar Forecast USD/CAD for February 12, 2026
An additional signal in favor of the decline in Canadian Dollar prices will be the rejection of the resistance line on the Relative Strength Index (RSI). The second signal in favor of the decline will be the rejection from the upper boundary of the bearish channel. The reversal of the USD/CAD pair’s decline scenario will be a strong rise and breakout above the level of 1.3605. This will indicate a breakout of the resistance area and continuation of the price rise toward the area above 1.3765. Expect confirmation of the decline scenario with a breakout of the support area and closing prices below the level of 1.3505.
Canadian Dollar Forecast USD/CAD for February 12, 2026 suggests an attempt to test the resistance area near the level of 1.3565. Subsequently, continuation of the decline to the area below 1.3435. An additional signal in favor of the decline in the Canadian Dollar on Forex will be the test of the resistance line on the RSI. The reversal of the decline scenario for USD/CAD prices on February 11, 2026, will be a strong rise and breakout above the level of 1.3605. This will indicate continuation of the asset’s price rise with a potential target above 1.3765.
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