The US Dollar/Canadian Dollar (USD/CAD) currency pair continues to move within a developing correction and forming a Triangle pattern. At the time of this forecast’s publication, the US Dollar to Canadian Dollar exchange rate is 1.3655. 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 near future. Currently, we should consider an attempt to develop a bullish correction in the Canadian Dollar price and a test of resistance near 1.3680. Subsequently, a downward rebound and continued decline in the currency pair on Forex are possible. A potential target for this movement is below 1.3465.
Canadian Dollar Forecast USDCAD for February 18, 2026
An additional signal supporting a decline in the Canadian Dollar will be a break of the resistance line on the relative strength indicator (RSI). A second signal supporting a decline will be a break of the upper boundary of the Triangle pattern. A strong rally and a break of the 1.3755 area would cancel the USD/CAD downside scenario on Forex. This would indicate a break of the resistance area and continued growth above 1.4125. Confirmation of the pair’s decline should be expected with a break of the support area and a close of USD/CAD quotes below 1.3615, which would indicate a break of the lower boundary of the bullish correction channel.
Canadian Dollar Forecast USDCAD for February 18, 2026 suggests an attempt to test the resistance area near 1.3680. Further declines are expected below 1.3465. A test of the resistance line on the relative strength indicator (RSI) will be an additional signal of a decline in the Canadian dollar on Forex. A strong rally and a breakout of 1.3755 would cancel out the downward trend in USD/CAD. This would indicate continued price appreciation with a potential target above 1.4125.
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