The US Dollar Canadian Dollar USD/CAD currency pair continues to move within the development of a fall and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3824. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, it is worth considering an attempt to develop a correction in the price of the Canadian Dollar and a test of the resistance level near the area of 1.3835. Further, a downward rebound and a continuation of the fall of the currency pair on Forex. A potential target for such a movement of the instrument is the area below the level of 1.3745.
Canadian Dollar Forecast USD/CAD for September 9, 2025
An additional signal in favor of a decrease in Canadian Dollar quotes will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of a fall will be a rebound from the resistance level. The cancellation of the option of a decline in the USD/CAD currency pair on Forex will be a strong growth and a breakout of the 1.3925 area. This will indicate a breakout of the resistance area and continued growth of quotes to the area above the 1.4075 level. Confirmation of the pair’s fall should be expected with a breakout of the support area and closing of the USD/CAD quotes below the 1.3765 level, which will indicate a breakout of the lower border of the bullish channel.
Canadian Dollar Forecast USD/CAD for September 9, 2025 suggests an attempt to test the resistance area near the 1.3835 level. Further, a continuation of the fall to the area below the 1.3745 level. An additional signal in favor of a decline in the Canadian Dollar on Forex will be a test of the resistance line on the relative strength indicator. The cancellation of the USD/CAD quotes fall scenario will be a strong growth and a breakout of the 1.3925 level. This will indicate continued growth in the asset value with a potential target above the 1.4075 level.
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