The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week rising within a decline. Moving averages indicate a bearish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the currency pair and potential continued decline in the near future. Currently, we should expect an attempt at a bullish correction and a test of the resistance level near 1.3865. This should be followed by a downward rebound and continued decline in quotes with a target below 1.3215.
USD/CAD Weekly Forecast January 5 – 9, 2026
An additional signal in favor of 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 bearish channel. A strong rally and a breakout of the 1.3995 area would cancel the USD/CAD price upside during the current trading week of January 5-9, 2026. This would indicate a breakout of resistance and continued growth above 1.4225. A decline would be confirmed by a breakout of support and a price close below 1.3675.
USD/CAD Weekly Forecast January 5 – 9, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3865. Further decline is then expected with a target below 1.3215. An additional signal in favor of a decline would be a test of the resistance line on the relative strength indicator. A strong rally and a breakout of the 1.3995 area would cancel the downside downside. This will indicate a breakout of a key resistance level and continued growth with a target above 1.4225.
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