The USD/CAD currency pair is ending the trading week with a decline, marking the initial phase of a bearish “Wolfe Wave” pattern. Moving averages indicate an underlying bullish trend. Prices have broken upward through the area between the signal lines, suggesting mounting pressure from buyers and the potential for further gains in the near term. At present, we should anticipate an attempt at a bullish correction, testing the resistance level near 1.4075. This would likely be followed by a downward rebound and a continued decline in quotes, targeting levels below 1.3435.
USDCAD Weekly Forecast October 26 – 30, 2026
An additional signal supporting a decline in the USD/CAD pair would be a test of the resistance line on the Relative Strength Index (RSI) indicator. A second signal would be a rebound from the lower boundary of the bullish channel. The scenario calling for a decline in the USD/CAD pair during the week of October 26–30, 2026, would be invalidated by a strong rally that breaks through the 1.4445 level. Such a move would signify a breakout above resistance, pointing to further gains toward levels above 1.4685. A confirmation of the downward move would be a break below the support level, with a close occurring beneath 1.4005.
USDCAD Weekly Forecast October 26 – 30, 2026 anticipates an attempted bullish correction, testing the resistance area near 1.4075, followed by a subsequent decline targeting levels below 1.3435. An additional signal favoring a decline would be a test of the resistance line on the Relative Strength Index (RSI). This bearish scenario would be invalidated by a strong rally and a breakout above the 1.4445 area, which would signal a breach of a key resistance level and a continuation of the uptrend toward a target above 1.4685.
