The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a downward trend and bearish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.3894. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the signal lines, indicating selling pressure and potential further decline in the pair in the near future. Currently, we should consider an attempt to develop a bullish correction in the Canadian Dollar price and a test of the resistance level near 1.3920. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for such a move is below 1.3825.
Canadian Dollar Forecast USD/CAD for October 30, 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 bearish channel. A strong rally and a breakout of the 1.3945 area would cancel the downside scenario for the USD/CAD currency pair on Forex. This would indicate a breakout of the resistance area and continued growth above 1.4175. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 1.3875.
Canadian Dollar Forecast USD/CAD for October 30, 2025 suggests an attempt to test the resistance area near 1.3920. Subsequently, a continued decline below 1.3825 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. A strong rally and a breakout of 1.3945 would cancel out the downward trend in USD/CAD. This would indicate continued price appreciation with a potential target above 1.4175.
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