The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a strong growth pattern and a bullish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.4055. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating buying pressure and potential continued growth soon. Currently, we should consider an attempt to extend the Canadian Dollar’s price rise and test the resistance level near 1.4075. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for this movement is below 1.3865.
Canadian Dollar Forecast USD/CAD for November 4, 2025
An additional signal of a decline in the Canadian Dollar will be a test of the resistance line on the relative strength indicator (RSI). A second signal of a decline will be a rebound from the upper boundary of the Double Top reversal pattern. A strong rally and a breakout of the 1.4145 area would cancel 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 1.3965.
Canadian Dollar Forecast USD/CAD for November 4, 2025 suggests an attempt to test the resistance area near 1.4075. Subsequently, a continued decline below 1.3865 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 1.4145 would cancel out the downward trend in USD/CAD. This would indicate continued price appreciation with a potential target above 1.4305.
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