The Canadian Dollar to US Dollar (USD/CAD) currency pair is ending the trading week higher and has exited the descending correction channel. 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 attempt at a bearish correction and a test of the support level near 1.3845. This should be followed by an upward rebound and continued growth with a target above 1.4465.
USD/CAD Weekly Forecast September 29 — October 3, 2025
An additional signal in favor of 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 upward trend during the current trading week (September 29 – October 3, 2025) will be cancelled by a decline and a breakout of the 1.3725 area. This will indicate a breakout of support and a continued decline below 1.3485. A breakout of resistance and a price close above 1.4085 will confirm the pair’s upward trend.
USD/CAD Weekly Forecast September 29 — October 3, 2025 suggests an attempt to develop a bearish correction and test the support area near 1.3845. Further growth is then expected with a target above 1.4465. An additional signal in favor of an upward trend will be a test of the trend line on the relative strength indicator. The upward trend will be cancelled by a decline and a breakout of the 1.3725 area. This will indicate a break of a key support level and a continued decline with a target below 1.3485.
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