The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to decline and has broken out of the bullish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.4019. 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 strengthen the Canadian Dollar and test the resistance level near 1.4055. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for this movement is below 1.3845.
Canadian Dollar Forecast USD/CAD for October 22, 2025
An additional signal supporting a decline in the Canadian Dollar will be a test of the resistance line on the relative strength indicator (RSI). A second signal supporting a decline will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of the 1.4175 area would cancel out the USD/CAD downside scenario on Forex. This would indicate a breakout of the resistance area and continued growth above 1.4355. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 1.3905, which would indicate a breakout of the lower boundary of the bullish channel.
Canadian Dollar Forecast USD/CAD for October 22, 2025 suggests an attempt to test the resistance area near 1.4055. Further declines are expected below 1.3845. A test of the resistance line on the relative strength indicator (RSI) will be an additional signal for a decline in the Canadian dollar on Forex. A strong rally and a breakout of 1.4175 would cancel out the downward trend in USD/CAD. This would indicate continued price appreciation with a potential target above 1.4355.
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