The Canadian Dollar to US Dollar USD/CAD currency pair ends the trading week with growth within the formation of the “Wedge” pattern. The moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 1.3905 area. Then, a downward rebound and a continuation of the fall in quotes with a target below the 1.3375 level.
USDCAD Weekly Forecast August 25 — 29, 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 “Wedge” pattern. The cancellation of the USD/CAD currency pair fall option in the current trading week of August 25-29, 2025 will be a strong growth and a breakout of the 1.4045 area. This will indicate a breakout of resistance and continued growth to the area above 1.4285. The fall in the pair will be confirmed by a breakout of the support level and closing of the price below 1.3685, which will indicate a breakout of the lower border of the “Wedge” reversal pattern and the beginning of the implementation of the pattern with targets below.
USDCAD Weekly Forecast August 25 — 29, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 1.3905 level. Further, continued decline with a target below the 1.3375 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 1.4045 area. This will indicate a breakout of an important resistance level and a continuation of the rise with a target above 1.4285.
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