The USD/CAD currency pair concludes the trading week with gains, remaining within a bullish channel. Moving averages point to an ongoing bullish trend. Prices have broken upward through the area between the signal lines, indicating mounting pressure from buyers and the potential for further gains in the near term. At present, one should anticipate an attempt at a bearish correction, followed by a test of the support level near 1.3985. Subsequently, a rebound is expected, with the price continuing its ascent toward a target above 1.4385.
USDCAD Weekly Forecast November 9 – 13, 2026
An additional signal supporting further gains for the USD/CAD pair would be a test of the support line on the Relative Strength Index (RSI) indicator. A second supporting signal would be a rebound from the lower boundary of the bullish channel. The bullish outlook for the week of November 9–13, 2026, would be invalidated if the price falls and breaks through the 1.3825 level; this would signal a breakdown of support and a continued decline toward the area below 1.3635. A breakout above the resistance level—confirmed by a close above 1.4165—would further validate the upward trend.
USDCAD Weekly Forecast November 9 – 13, 2026 anticipates an attempted correction and a test of the support area near 1.3985, followed by a resumption of the uptrend toward a target above 1.4385. A test of the support line on the Relative Strength Index (RSI) indicator serves as an additional signal favoring an upward move. A decline and a breakout below the 1.3825 area would invalidate the bullish scenario. This would signal a breach of a key support level and a downward move toward a target below 1.3635.
