The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week rising within a bullish channel. Moving averages indicate an uptrend. Prices have broken above the area between the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth in the near future. Currently, we should expect an attempted correction and a test of the support level near 1.3865. This should be followed by an upward rebound and continued growth with a target above 1.4525.
USD/CAD Weekly Forecast November 3 – 7, 2025
An additional signal in favor of an uptrend for 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. The USD/CAD currency pair’s upside potential for the current trading week (November 3-7, 2025) would be cancelled by a decline and a breakout of the 1.4285 area. This would indicate a breakout of resistance and continued growth above 1.3695. A breakout of the resistance level and a price close above 1.4125 would confirm the pair’s upside potential.
USD/CAD Weekly Forecast November 3 – 7, 2025 suggests an attempt to develop a bearish correction and test the support area near 1.3865. Further growth is then expected with a target above 1.4525. A test of the trendline on the relative strength indicator (RSI) would serve as an additional signal in favor of an upside. The upside potential would be cancelled by a decline and a breakout of the 1.4285 area. This will indicate a break of a key support level and continued decline with a target below 1.3695.
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