The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a developing correction and bullish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.4029. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued growth in the near future. Currently, we should consider an attempt to extend the decline in the Canadian Dollar and test the support level near 1.3985. Subsequently, an upward rebound and continued growth in the currency pair on Forex are possible. A potential target for such a move is above 1.4235.
Canadian Dollar Forecast USD/CAD for November 11, 2025
An additional signal in favor of an increase in the Canadian Dollar will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of growth will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 1.3925 area would cancel the upside for the USD/CAD currency pair on Forex. This would indicate a breakout of the support area and a continued decline below 1.3765. Confirmation of growth should be expected with a breakout of the resistance area and a close above 1.4085.
Canadian Dollar Forecast USD/CAD for November 11, 2025 suggests an attempt to test the support area near 1.3985. Further growth to above 1.4235 is then expected. An additional signal in favor of an upside for the Canadian Dollar on Forex would be a test of the support line on the relative strength indicator. A decline and a breakout of 1.3925 would cancel the upside for the USD/CAD. This will indicate a continued decline in the asset’s value with a potential target below the level of 1.3765.
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