The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move as it continues to decline and forms a Head and Shoulders reversal pattern. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.4042. Moving averages indicate a short-term bullish trend for the pair. Prices have broken below the signal lines, indicating selling pressure and potential further decline in the near future. Currently, we should consider an attempt to further strengthen the Canadian Dollar and test the resistance level near 1.4070. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for this movement is below 1.3905.
Canadian Dollar Forecast USD/CAD for November 27, 2025
An additional signal for a decline in the Canadian Dollar will be a test of the resistance line on the relative strength indicator (RSI). A second signal for a decline will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of the 1.4165 area would cancel out the USD/CAD decline on Forex. This would indicate a breakout of the resistance area and continued growth above 1.4305. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 1.3975, which would indicate a breakout of the lower boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets below.
Canadian Dollar Forecast USD/CAD for November 27, 2025 suggests an attempt to test the resistance area near 1.4070. Subsequently, a continued decline to below 1.3905 is expected. An additional signal supporting a decline in the Canadian Dollar on Forex will be a test of the resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 1.4165 would cancel out the downward trend in USD/CAD quotes. This would indicate continued price growth with a potential target above 1.4305.
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