The Canadian dollar to US dollar currency pair USD/CAD is ending the trading week with growth as part of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the decline in the near future. At the moment, we should expect an attempt to decline and test the support level near the 1.3745 area. Then, a rebound upward and continued growth in quotes with a target above the 1.4235 level.
USD/CAD Weekly Forecast August 18 — 22, 2025
An additional signal in favor of the growth of the USD/CAD currency pair will be a test of the support line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the “Triangle” pattern. A fall and breakout of the 1.3435 area will cancel the option of a rise in the USD/CAD currency pair during the current trading week of August 18 — 22, 2025. This will indicate a breakout of support and a continuation of the decline to the area below the 1.3065 level. Confirmation of growth in the pair will be a breakout of the resistance level and the closing of the price above the 1.4005 level.
USD/CAD Weekly Forecast August 18 — 22, 2025 suggests an attempt at a bearish correction and a test of the support area near the 1.3745 level. Further, growth will continue with a target above the 1.4235 level. An additional signal in favor of growth will be a test of the trend line on the relative strength indicator. A fall and breakout of the 1.3435 area will cancel the upward trend. This will indicate a breakout of an important support level and a continuation of the decline with a target below 1.3065.
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