The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a strong growth trend and a bullish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.4015. 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 pair in the near future. Currently, a bearish correction in the Canadian Dollar price and a test of support near 1.3965 should be considered. Subsequently, an upward rebound and continued growth of the currency pair on Forex are likely. A potential target for this movement is above 1.4175.
Canadian Dollar Forecast USD/CAD for October 10, 2025
An additional signal supporting a decline in the Canadian Dollar will be a test of the support line on the relative strength indicator (RSI). A second signal supporting growth will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 1.3905 area would cancel out the upside for the USD/CAD currency pair on Forex. This would indicate a breakout of the support area and a continued decline below 1.3745. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 1.4055.
Canadian Dollar Forecast USD/CAD for October 10, 2025 suggests an attempt to test the support area near 1.3965. Subsequently, continued growth is expected above 1.4175. A test of the support line on the relative strength indicator (RSI) will be an additional signal in favor of the Canadian dollar’s rise on Forex. A decline and a break of 1.3905 would cancel out the upside potential for USD/CAD. This would indicate continued declines in the asset’s value, with a potential target below 1.3745.
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