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 1.4095. 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 in the near future. Currently, we should consider an attempt to further advance the Canadian Dollar and test the resistance level near 1.4145. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for such a move is below 1.3895.
Canadian Dollar Forecast USD/CAD for November 7, 2025
An additional signal favoring a decline in the Canadian Dollar will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor 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 1.4225 area would cancel the USD/CAD decline on Forex. This would indicate a breakout of the resistance area and continued growth above 1.4385. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 1.4035.
Canadian Dollar Forecast USD/CAD for November 7, 2025 suggests an attempt to test the resistance area near 1.4145. Subsequently, a continued decline below 1.3895. An additional signal in favor of a decline in the Canadian Dollar on Forex would be a test of the resistance line on the relative strength indicator. A strong rally and a breakout of 1.4225 would cancel out the USD/CAD price decline. This would indicate continued price growth with a potential target above 1.4385.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
