The USD/CAD currency pair continues to move within the growth trend. At the time of publication, the US dollar to Canadian dollar exchange rate is 1.3690. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, indicating pressure from sellers and a potential continuation of the pair’s decline in the near future. At the moment, it is worth considering an attempt to develop growth in the Canadian dollar price and a test of the resistance level near the 1.3675 area. Further, a rebound downwards and continued growth of the currency pair on Forex. The potential target for such a movement of the instrument is the area above the 1.3805 level.
Canadian Dollar Forecast USD/CAD for July 15, 2025
An additional signal in favor of the growth of the Canadian dollar quotes will be a test of the support line on the relative strength index (RSI). The second signal in favor of the rise will be a rebound from the lower border of the bullish channel. A fall and breakout of the 1.3625 area will cancel the option of an increase in the USD/CAD currency pair on Forex. This will indicate a breakout of the support area and a continuation of the decline in quotes to an area below the 1.3475 level. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the closing of the USD/CAD pair above the 1.3735 level, which will indicate a breakout of the upper border of the downward channel.
Canadian Dollar Forecast USD/CAD for July 15, 2025 suggests an attempt to test the support area near the 1.3675 level. Further, growth will continue to the area above the 1.3805 level. An additional signal in favor of the rise of the Canadian dollar on Forex will be a test of the support line on the relative strength indicator. A fall and breakout of the 1.3625 level will cancel the USD/CAD growth scenario. This will indicate a continuation of the decline in the asset’s value with a potential target below the 1.3475 level.
