The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week on a downward trend, forming a Head and Shoulders reversal pattern. Moving averages indicate an uptrend. Prices have broken below the signal lines, indicating downward pressure from sellers of the currency pair and potential continued decline in the near future. Currently, we expect an attempt to continue the rally and test the resistance level near 1.3985. This should be followed by a downward rebound and continued decline with a target below 1.3265.
USD/CAD Weekly Forecast December 8 — 12, 2025
An additional signal for a decline in the USD/CAD currency pair will be a test of the resistance line on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the Head and Shoulders reversal pattern. The USD/CAD currency pair’s upside potential for the current trading week (December 8-12, 2025) would be cancelled by a strong rally and a breakout of the 1.4345 area. This would indicate a breakout of resistance and continued growth above 1.4695. A decline in the pair would be confirmed by a breakout of support and a price close below 1.3605, which would indicate a breakout of the lower boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets below.
USD/CAD Weekly Forecast December 8 — 12, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 1.3985. Further decline is then expected with a target below 1.3265. An additional signal of a decline in growth will be a test of the trend line on the relative strength indicator. A strong rally and a breakout of the 1.4345 area will cancel the downward trend. This will indicate a breakout of a key resistance level and continued growth with a target above 1.4695.
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