The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a developing correction and forming a “Double Bottom” pattern. At the time of this forecast’s publication, the US Dollar to Canadian Dollar exchange rate is 1.3691. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, indicating bearish pressure and potential continued decline in the pair in the near future. Currently, it’s worth considering an attempt to develop a bearish correction in the Canadian Dollar price and a test of support near 1.3645. Subsequently, an upward rebound and continued growth of the currency pair on Forex are possible. A potential target for this movement is above 1.3865.
Canadian Dollar Forecast USD/CAD for February 19, 2026
An additional signal in favor of a rise in the Canadian Dollar will be a break of the support line on the relative strength indicator (RSI). A second signal in favor of growth will be a break of the upper boundary of the descending channel. A decline and a break of the 1.3545 area will cancel the upside for the USD/CAD currency pair on Forex. This will indicate a break of the support area and a continuation of the decline below 1.3345. Confirmation of the pair’s growth should be expected with a break of the resistance area and a close of the USD/CAD pair above 1.3765, which will indicate a break of the upper boundary of the Double Bottom reversal pattern and the beginning of the pattern with targets above.
Canadian Dollar Forecast USD/CAD for February 19, 2026 suggests an attempt to test the support area near 1.3645. Further growth is expected to continue above 1.3865. 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 breakout of 1.3545 would cancel out the upside potential for USD/CAD. This would indicate continued decline in the asset’s value, with a potential target below 1.3345.
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