The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week higher as a Head and Shoulders reversal pattern is forming. Moving averages indicate a downtrend. 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 1.4035. This should be followed by a downward rebound and continued decline with a target below 1.3345.
USD/CAD Weekly Forecast October 6 — 10, 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. A strong rally and a breakout of the 1.4175 area would cancel out the USD/CAD price decline during the current trading week (October 6-10, 2025). This would indicate a breakout of resistance and continued growth above 1.4465. A decline would be confirmed by a breakout of support and a price close below 1.3505, 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 October 6 — 10, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 1.4035. Further decline is then expected with a target below 1.3345. 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 1.4175 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 1.4465.
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