The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a developing correction and bullish channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.3950. Moving averages indicate a short-term bullish trend for the pair. Prices have broken upwards through the area between the signal lines, indicating buying pressure and potential continued growth in the near future. Currently, it’s worth considering an attempt to develop a bearish correction in the Canadian Dollar price and a test of the support level near 1.3925. Subsequently, an upward rebound and continued growth of the currency pair on Forex are possible. A potential target for such a move is above 1.4035.
Canadian Dollar Forecast USD/CAD for October 7, 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 1.3735. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a close above 1.3975.
Canadian Dollar Forecast USD/CAD for October 7, 2025 suggests an attempt to test the support area near 1.3925. Subsequently, continued growth is expected above 1.4035. An additional signal supporting the Canadian Dollar’s rise on Forex will be a test of the support line on the relative strength indicator. 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 1.3735.
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