The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week on a strong upward trend. Moving averages indicate a bearish trend. Prices have broken above the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth in the near future. Currently, we expect an attempt at a bearish correction and a test of the support level near 1.3725. This should be followed by an upward rebound and continued growth with a target above 1.4335.
USD/CAD Weekly Forecast January 12 – 16, 2026
An additional signal in favor of the USD/CAD currency pair will be a test of the support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of the 1.3605 area would cancel out the USD/CAD currency pair’s upward trend during the current trading week of January 12-16, 2026. This would indicate a breakout of support and a continued decline below 1.3435. A breakout of resistance and a price close above 1.4135 would confirm the pair’s upward trend, signaling a breakout of the upper boundary of the descending channel.
USD/CAD Weekly Forecast January 12 – 16, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3725. Further growth is then expected with a target above 1.4335. An additional signal in favor of growth would be a test of the support line on the relative strength indicator. A decline and a breakout of the 1.3605 area would cancel the upward trend. This would indicate a breakout of an important support level and a continued decline with a target below 1.3435.
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