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 1.3980. 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, we should consider an attempt to develop a bullish correction in the Canadian Dollar price and a test of the resistance level near 1.4015. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for this movement is below 1.3785.
Canadian Dollar Forecast USD/CAD for October 31, 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 1.4055 area would cancel the downward trend for the USD/CAD currency pair on Forex. This would indicate a breakout of the resistance area and continued growth above 1.4245. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close below 1.3835, which would indicate a breakout of the lower boundary of the bullish channel.
Canadian Dollar Forecast USD/CAD for October 31, 2025 suggests an attempt to test the resistance area near 1.4015. Further declines are expected below 1.3785. A test of the resistance line on the relative strength indicator (RSI) will be an additional signal for the Canadian dollar to decline on Forex. A strong rally and a breakout of 1.4055 would cancel out the downward trend in USD/CAD. This would indicate continued price appreciation with a potential target above 1.4245.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
