The Canadian Dollar to US Dollar USD/CAD currency pair ends the trading week with a decline within the formation of the “Wedge” model. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the decline in the near future. At the moment, we should expect an attempt at a bullish correction and a test of the resistance level near the 1.3805 area. Then, a downward rebound and a continuation of the fall in quotes with a target below the 1.3365 level.
USD/CAD Weekly Forecast September 1 — 5, 2025
An additional signal in favor of a decline in the USD/CAD currency pair will be a test of the resistance line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper border of the descending channel. The cancellation of the option of falling quotes for the USD/CAD currency pair in the current trading week of September 1-5, 2025 will be a strong growth and a breakout of the 1.4005 area. This will indicate a breakout of resistance and continued growth to the area above 1.4275. A breakout of the support level and closing of the price below 1.3685 will confirm the fall in the pair, which will indicate a breakout of the lower border of the “Head and Shoulders” reversal pattern and the beginning of the implementation of the pattern with targets below.
USD/CAD Weekly Forecast September 1 — 5, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 1.3805 level. Further, continued decline with a target below the 1.3365 level. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. The cancellation of the fall scenario will be a strong growth and a breakout of the 1.4005 area. This will indicate a breakout of an important resistance level and a continuation of the rise with a target above 1.4275.
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