The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a downward trend and a bullish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.3999. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued growth in the pair in the near future. At this point, we should consider an attempt to develop a bearish correction in the Canadian Dollar price and a test of support near 1.3975. Subsequently, an upward rebound and continued growth of the currency pair on Forex are possible. A potential target for such a move is above 1.4085.
Canadian Dollar Forecast USD/CAD for October 28, 2025
An additional signal supporting the Canadian Dollar’s growth will be a test of the support 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 decline and a breakout of the 1.3925 area would cancel the upside for the USD/CAD currency pair on Forex. This would indicate a breakout of the support area and a continuation of the decline below 1.3745. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 1.4045, which would indicate a breakout of the upper boundary of the downward correction channel.
Canadian Dollar Forecast USD/CAD for October 28, 2025 suggests an attempt to test the support area near 1.3975. Further growth is expected to continue above 1.4085. A test of the support line on the relative strength indicator (RSI) will be an additional signal in favor of a rise in the Canadian dollar on Forex. A decline and a break of 1.3925 will cancel out the upward trend in USD/CAD quotes. This will indicate continued decline in the asset’s price, with a potential target below 1.3745.
