The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week with a decline as part of a Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. 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 expect an upward attempt and a test of the resistance level near 1.4115. This should be followed by a downward rebound and continued decline with a target below 1.3315.
USD/CAD Weekly Forecast October 27 – 31, 2025
An additional signal favoring 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 downward trend during the current trading week (October 27-31, 2025) would be cancelled by a strong rally and a breakout of the 1.4285 area. This would indicate a breakout of resistance and continued growth above 1.4665. A decline in the pair would be confirmed by a breakout of support and a price close below 1.3755, which would indicate a breakout of the lower boundary of the bullish channel.
USD/CAD Weekly Forecast October 27 – 31, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 1.4115. Further decline is then expected with a target below 1.3315. An additional signal in favor of a decline would be a test of the trend line on the relative strength indicator. A strong rally and a breakout of the 1.4285 area would cancel out the downward trend. This would indicate a breakout of a key resistance level and a continued rise with a target above 1.4665.
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