The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a growing and descending channel. At the time of this forecast, the US Dollar to Canadian Dollar exchange rate is 1.3822. Moving averages indicate a short-term bullish trend for the pair. Prices have broken below 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 1.3835. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for this movement is below 1.3745.
Canadian Dollar Forecast USD/CAD for September 24, 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 upper boundary of the downward channel. A strong rally and a breakout of 1.3875 will cancel the downward trend for the USD/CAD currency pair on Forex. This will indicate a breakout of the resistance area and continued growth above 1.4145. Confirmation of the pair’s decline should be expected with a breakout of the support area and a close of USD/CAD quotes below 1.3755, which will indicate a breakout of the lower boundary of the bullish correction channel.
Canadian Dollar Forecast USD/CAD for September 24, 2025 suggests an attempt to test the resistance area near 1.3835. Subsequently, a continued decline to below 1.3745 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 (RSI). A strong rally and a breakout of 1.3875 would cancel out the downward trend in USD/CAD quotes. This would indicate continued price growth with a potential target above 1.4145.
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