USD/CAD: Long Term Prediction Outlook

The US Dollar to Canadian Dollar (USD/CAD) exchange rate is a forex major pair and one of the world’s most traded currency pairings.

The charts used are from TradingView and the prices are from FXCM.

USD/CAD Forecast

In the daily chart we see USD/CAD Forex pair trading in an established downtrend. Last candelsticks challenging 1.2470 levels.

USD/CAD Daily Chart

Resistance: 1.2951 | 1.3064Support: 1.2247 | 1.2061

USD/CAD Forecast

The daily chart of USD/CAD looks negative. We expect a continuation of the established downtrend. Only a price advance above key resistance zone around 1.3000 could turn the chart picture to positive. The previous low is located at 1.2365.

USD/CAD price prediction

USD/CAD on the weekly chart is moving in an established downtrend and trading below 2019 low.

USD/CAD Weekly Chart

Resistance: 1.2951 | 1.3064Support: 1.2247 | 1.2061

USD/CAD prediction

The weekly chart of USD/CAD looks negative. We expect a continuation of the established downtrend. Only a price advance above key resistance around 1.3064 could turn the chart picture to positive.

USD/CAD price prediction

USD/CAD on the monthly chart is trading between the 2019 and 2018 lows. We see a downward move from 2016 high level since March 2020.

USD/CAD Monthly Chart

Resistance: 1.2951 | 1.3064Support: 1.2247 | 1.2061

USD/CAD prediction

The monthly chart of USD/CAD looks slightly negative. Next price target could be 2018 low at 1.2247. Only a price advance above key resistance around 1.3064 could turn the chart picture to positive.

USD/CAD Forecast

On the quarterly chart of USD/CAD we can see a big trading range for the last six years. The major forex pair is moving sideways between 1.2000 and 1.4700 and currently trading between the 2019 and 2018 lows.

USD/CAD Quarterly Chart

Resistance: 1.2951 | 1.3064Support: 1.2247 | 1.2061

USD/CAD forecast

The quarterly chart of USD/CAD looks neutral to slightly negative. We expect a continuation of the big trading range. Only a price advance above key resistance around 1.3064 could turn the chart picture to positive.

USD/CAD Outlook

On the yearly chart of USD/CAD we can see a big trading range for the last six years. The major forex pair is moving sideways between 1.2000 and 1.4700.

USD/CAD Yearly Chart

Resistance: 1.2951 | 1.3064Support: 1.2247 | 1.2061

USD/CAD Forecast

The yearly chart of USD/CAD looks neutral to slightly negative. We expect a continuation of the big trading range.

About USD/CAD

The Currency Pair USD/CAD is the shortened term for the US-Dollar against Canadian Dollar, or cross for the currencies of the United States (USD) and Canada (CAD). For example, if the pair is trading at 1.3300, it means it takes 1.3300 Canadian Dollar to buy 1 US-Dollar.

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

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