The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a developing correction and forming a Triangle pattern. At the time of this forecast’s publication, the US Dollar to Canadian Dollar exchange rate is 1.3683. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, indicating bearish pressure and potential continued 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 resistance near 1.3705. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for such a move is below 1.3555.
Canadian Dollar Forecast USD/CAD for February 27, 2026
An additional signal favoring a decline in the Canadian Dollar will be a break of the resistance line on the Relative Strength Index (RSI). A second signal favoring a decline will be a break of the upper boundary of the Head and Shoulders pattern. A strong rally and a break of the 1.3755 area would cancel out the USD/CAD decline on Forex. This would indicate a break of the resistance area and continued growth above 1.4035. Confirmation of the pair’s decline should be expected with a break of the support area and a close of USD/CAD quotes below 1.3645, which would indicate a break of the lower boundary of the Head and Shoulders pattern and the beginning of the pattern’s realization with targets below.
Canadian Dollar Forecast USD/CAD for February 27, 2026 suggests an attempt to test the resistance area near 1.3705. Subsequently, a continued decline to below 1.3555 is expected. An additional signal supporting a decline in the Canadian Dollar on Forex would be a test of the resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 1.3755 would cancel out the downward trend in USD/CAD quotes. This would indicate continued price appreciation with a potential target above 1.4035.
