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USD/CAD forecast for today by Traders Union analysts

USD/CAD is the currency ticker representing the US dollar – Canadian dollar pair. As a reminder, it is also called Loonie. It is one of the Top 7 currency pairs in the Forex market with high volatility. Thanks to the large volume and transborder trading between the U.S. and Canada, USD/CAD is popular, as it allows traders to earn good money on the price difference. Monitor the chart of this currency pair to know the USD/CAD price online, and its forecast for today by TU analysts. This will help you perform a thorough technical and fundamental analysis in order to make the right trading decision.

USD/CAD pushing higher

09.07.2025
Demand for the US dollar against the Canadian dollar remains firm. The pair is being bought on pullbacks, bulls broke 1.3680/90 resistance and are currently testing 1.3700. Bulls may next test 1.3710–1.3720 resistance. On pullbacks to 1.3690/80 support, the pair may be bought again; a break of this support would lead to a decline toward 1.3640–1.3630. USD/CAD pushing higher

USD/CAD unable to extend recovery

08.07.2025
Against the Canadian dollar, the US dollar remains under bearish control, with its attempt to develop upward momentum limited by 1.3680 resistance, while bears are persistently trying to break 1.3640 support. At this stage, the risk of a break lower and a decline toward 1.3600–1.3580 remains high; a break of resistance would lead to a rise toward 1.3730–1.3750, where bears may become active again. In the context of tariff wars, the situation may change at any moment. USD/CAD unable to extend recovery

USD/CAD pulls back to 1.3620 resistance

07.07.2025
Profit-taking on short positions has driven the pullback in the US dollar to 1.3620 resistance against the Canadian dollar. Below this level, risks remain for a return to 1.3570–1.3560 support; a move through resistance would lead to a rise toward 1.3640–1.3660, where the pair may come under pressure again. USD/CAD pulls back to 1.3620 resistance

USD/CAD bought on dip

04.07.2025
The rise of the US dollar against the Canadian dollar to 1.3620 was used for selling, pushing the pair through 1.3585 support and testing 1.3560 support. The pair is now attempting to climb back above 1.3585, in which case a retest of 1.3620 can be expected; otherwise, bears are likely to test 1.3560 support again. USD/CAD bought on dip

USD/CAD declining again

03.07.2025
The US dollar continues to come under selling pressure against the Canadian dollar. After the rebound to 1.3660–1.3670 resistance, the pair declined to support 1.3580. As a result, the risks of breaking support and falling toward 1.3540 still prevail; a move through 1.3600 would lead to a rise toward 1.3620–1.3640. USD/CAD declining again

USD/CAD was bought on decline

02.07.2025
The decline of the US dollar against the Canadian dollar to support 1.3600 attracted buying interest, leading the pair to pull back to resistance 1.3665. The nearest support is now around 1.3640, above which the chances of breaking resistance and rising toward 1.3700 remain high; losing support would lead to a decline toward 1.3620–1.3600. USD/CAD was bought on decline

USD/CAD remains under pressure

01.07.2025
Despite falling oil prices, the Canadian dollar continues to attract demand, pushing the US dollar lower toward 1.3600 support. Bears may attempt to break strong support around 1.3560–1.3540, although bulls could become active there. A break of 1.3620 resistance would lead to a move toward 1.3640–1.3660. USD/CAD remains under pressure

USD/CAD sold on rise

30.06.2025
Amid active buying of the US dollar against the Canadian dollar, the pair broke several resistances and soared to 1.3760 resistance, where it was sold, closing the week near 1.3680 support. Amid the US-Canada trade war, the loonie may remain vulnerable, but bulls’ failure to hold above 1.3720–1.3700 increases risks of a drop toward 1.3650–1.3630; a move through 1.3720 would allow them to retest 1.3750/60 resistance. USD/CAD sold on rise

USD/CAD continues decline

27.06.2025
Selling pressure on the US dollar against the Canadian dollar persists. After breaking 1.3690/80 support, the pair declined to 1.3620 support. Pullbacks are currently limited by 1.3650 resistance, below which risks remain for a break of support and a drop toward 1.3600. However, with further declines in oil prices, the Canadian dollar may come under pressure. USD/CAD continues decline

USD/CAD declines after rally

25.06.2025
The US dollar’s rise against the Canadian dollar was capped by offers near 1.3800, leading the pair to break 1.3750–1.3730 support and test 1.3680. The nearest resistance now stands around 1.3730, below which risks of a retest of 1.3680 remain; a break of resistance would lead to a rise toward 1.3760–1.3800. USD/CAD declines after rally

USD/CAD bought on pullbacks

23.06.2025
On the pullback to 1.3690 support against the Canadian dollar, the US dollar was bought again, and bulls retested 1.3745 resistance near the end of the trading week. The pair’s rise may still be used for selling and testing 1.3690–1.3660 support; a break of resistance would lead to a rise toward 1.3780–1.3800. USD/CAD bought on pullbacks

USD/CAD remains under pressure

17.06.2025
The US dollar continues to face pressure against the Canadian dollar, testing 1.3540 support. Ahead of the Fed’s interest rate decision, profit-taking on USD short positions may trigger a correction toward 1.3700–1.3740. However, the situation may shift rapidly—any potential rise in oil prices amid escalating tensions between Israel and Iran could support CAD. USD/CAD remains under pressure

USD/CAD continues to decline

16.06.2025
The US dollar’s rebound against the Canadian dollar to 1.3650 resistance was used for selling, leading to the break of 1.3600 support and the test of 1.3570 support. The 1.3600 now acts as resistance, with selling from this point potentially breaking current support and driving a decline toward stronger support near 1.3435 in the longer term. However, a rebound from current levels toward 1.3660–1.3700 is still possible. USD/CAD continues to decline

USD/CAD remains under pressure

12.06.2025
The US dollar remains under pressure against the Canadian dollar, but its decline was limited by 1.3650 support. After testing it, the pair is attempting to return above 1.3670, previously broken as support. A confident break above it would lead to a rise toward 1.3710–1.3730, where the pair may be sold again; failure to break above increases the risk of a break below support and a decline toward the 1.36 area. USD/CAD remains under pressure

USD/CAD Retreats to 1.3700 Resistance

09.06.2025
Continuing its decline against the Canadian dollar, the American tested the 1.3636 mark, after which it rolled back to resistance in the area of ​​the 37th figure. Rollbacks can be used for sales, but breaking through the resistance will lead to growth towards 1.3740-1.3760, where the American can be sold again. Against the backdrop of trade wars, the USD will remain in a vulnerable position. USD/CAD Retreats to 1.3700 Resistance

USD/CAD still under pressure

06.06.2025
The US dollar against the Canadian dollar remains under selling pressure, though its decline was limited by 1.3640. However, bulls are unable to break 1.3680 resistance, indicating ongoing risks of a break below 1.3640 and a decline toward the 1.36 figure. A move through resistance would lead to a rise toward 1.3710–1.3740. USD/CAD still under pressure

USD/CAD continues to decline

05.06.2025
The US dollar remains under pressure in the pair with the Canadian dollar, breaking 1.3680 support and testing 1.3650 support. Next, the bears may test 1.3620–1.3600 support; a break above local resistance at 1.3680 would lead to a move toward 1.3720–1.3740. USD/CAD continues to decline

USD/CAD selling continues

02.06.2025
Selling of the US dollar against the Canadian dollar persists, resulting in a series of broken supports and a test of 1.3684 for now. A confident break of 1.3700–1.3690 support would lead to a decline toward 1.3650–1.3620; rebounds toward 1.3730–1.3760 may be used for selling, while a break of the latter would lead to a rise toward 1.3800. USD/CAD selling continues

USD/CAD bought on dip

27.05.2025
Yesterday, pressure on the US dollar against the Canadian dollar persisted, but after breaking 1.3720/10 support, the bears only managed to reach 1.3690, demand from which pushed the pair back to 1.3750 resistance. A break above it would trigger a recovery toward 1.3780–1.3800, though a rise may attract renewed bearish interest. Failure by the bulls to break current resistance would return USD/CAD to 1.3710–1.3690. USD/CAD bought on dip

USD/CAD continues to decline

26.05.2025
Under selling pressure against the Canadian dollar, the US dollar broke 1.3820 support and dropped toward 1.3710 support. Pullbacks toward 1.3760–1.3790 may be used for selling; a break above the latter would lead to a rise toward 1.3830–1.3850. For now, risks of a decline toward 1.3650 remain high. USD/CAD continues to decline

USD/CAD resumed decline

23.05.2025
Buying of the US dollar against the Canadian dollar from 1.3820 support allowed bulls to attack 1.3890 resistance, where the pair was sold again, and bears are currently testing 1.3806. Next, they may test 1.3760/50 support; a break above 1.3820 would lead to a rise toward 1.3850–1.3870. USD/CAD resumed decline

USD/CAD unable to extend gains

16.05.2025
After testing resistance near the psychological level of 1.4000, the U.S. dollar came under renewed pressure against the Canadian dollar, retreating to 1.3940 support. The bulls’ failure to break of local 1.3970 resistance signals rising risks of a break below support and a decline toward 1.3910–1.3900; a move through resistance would give bulls another chance to test 1.4000. USD/CAD unable to extend gains

USD/CAD was bought on decline

15.05.2025
After breaking 1.3960 support, the US dollar continued to fall against the Canadian dollar, but was bought near 1.3900, which brought it back to 1.3980 resistance. Bulls may test 1.4000–1.4010 again, and if the latter is broken, 1.4040–1.4060 resistance; a loss of 1.3960 support would lead to a decline toward 1.3920–1.3900. USD/CAD was bought on decline

USD/CAD bulls fail to break resistance

14.05.2025
Repeated attempts by bulls to break 1.4010 resistance in the US dollar against the Canadian dollar have failed, leading to profit-taking on long positions. After breaking 1.3960 support, bears are currently testing 1.3935 support. Buying may emerge around current levels; a break below 1.3910/00 support would lead to a decline toward 1.3870–1.3850. USD/CAD bulls fail to break resistance

USD/CAD reached new highs

13.05.2025
With the start of the new trading week, US dollar buying against the Canadian dollar resumed. After breaking 1.3940 resistance, the pair rose to 1.4012, then pulled back to 1.3975 support. The pair may be bought again on pullbacks with the aim of testing resistance again; a loss of support would lead to a decline toward 1.3940–1.3920. USD/CAD reached new highs

USD/CAD continues to rise

12.05.2025
Optimism regarding US trade deals with other countries is supporting demand for the US dollar, which led to the break of 1.3910 resistance and the test of 1.3942 in the pair with the Canadian dollar. 1.3910 now acts as support, from which a rise toward 1.3980–1.4000 is possible. A loss of support would lead to a decline toward 1.3880–1.3860. USD/CAD continues to rise

USD/CAD breaks higher

09.05.2025
Amid continued buying against the Canadian dollar, the US dollar broke 1.3840 resistance and has tested 1.3930 resistance so far. The next bullish target may be 1.3970–1.3990 resistance; a loss of 1.3900 support would lead to a decline toward 1.3880–1.3860. USD/CAD breaks higher

USD/CAD bought on dip

08.05.2025
The decline of the US dollar against the Canadian dollar was halted by 1.3760 support. On demand from this level, the pair has returned to 1.3840 resistance. The next resistance to be tested by bulls could be 1.3860/70, but the rise of the US dollar may still be used for selling. A break of this resistance would lead to a rise toward 1.3900. USD/CAD bought on dip

USD/CAD continues its decline

07.05.2025
As expected, the liquidation of short positions in the Canadian dollar continues, with the US dollar breaking local support at 1.3790 and testing 1.3750. Its decline may continue toward 1.3730–1.3700; a return above the 38 figure would allow testing of 1.3830–1.3860, where selling may occur. A break of the latter level would lead to a rise toward 1.3870–1.3900. USD/CAD continues its decline

USD/CAD trades flat

06.05.2025
The US dollar continues to face selling pressure against the Canadian dollar. Despite all the bears’ efforts, 1.3790 support continues to hold them back, while bulls are still unable to break 1.3830 resistance. The inability to break it despite a strong NFP report points to risks of a break of support and a decline toward 1.3760–1.3730; a move through resistance would allow bulls to test 1.3850–1.3860. USD/CAD trades flat

USD/CAD Chart

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Why is it important to know the USD/CAD price prediction?

Loonie shows how many Canadian dollars (quoted currency) are required to buy one US dollar (base currency). It is important to monitor the USD/CAD price forecast simply because this currency pair indicates the condition of the economy. There is a correlation with the commodity prices; they are the moving force behind the price of the Canadian currency against the US dollar.

USD/CAD trading is popular both among experienced and novice traders. However, it is still better to first practice on a demo account to avoid the risk and gain practical experience. By using USD/CAD forecasts and also indicators of technical analysis that are suitable within the chosen strategy, you can achieve good results.

FAQ

1

Why is the USD CAD pair popular among traders?

Loonie is considered a popular pair. It is characterized by high volatility thanks to the large volume and transborder trading between the U.S. and Canada, which allows traders to make good money on the price difference.
2

How is the USD/CAD forecast made?

TU experts use the instruments of technical analysis to create a forecast for the USD/CAD pair. In particular, technical indicators, support and resistance levels, as well as many other instruments are used to determine the further movement of the price of the US dollar against the Canadian dollar. The results of the research and the expert forecast help traders can make informed decisions.
3

What other factors influence the USD/CAD price?

Traders Union analysts provide an indicative forecast. External factors may influence the price. In particular, the performance of this pair depends on the difference between the discount rates set by the Federal Reserve System and the Bank of Canada. For example, all currency interventions used by the Fed to strengthen the US dollar are most likely to cause the growth of the USD/CAD pair.
4

What does the USD/CAD pair show?

This currency pair allows you to gain knowledge about the real condition of the commodity market. That is probably the reason why Loonie is also called a ‘commodity currency’, as it correlates with the prices of key commodities (oil and oil products).