USD/CAD Forecast | Long term prediction | Outlook (2021)

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.

In this article we make a US-Dollar / Canadian Dollar price forecast and long-term prediction. We would like to give an assessment of the future price development of USD/CAD. We also look at the long term charts for USD/CAD, which are the yearly, quarterly or monthly chart. The basis of our analysis is the Price Action and Technical Chart Analysis.

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

USD/CAD Forecast: Daily chart – A trend deceleration may be in progress

Last update: June 13, 2021

In the daily chart we see USD/CAD Forex pair trading in an established downtrend. Last candlesticks recovering from support at the price mark of the low from 2017.

USDCAD forecast using daily chart, price shows downwards action at around 1.2150
USD/CAD forecast: The downward trend pauses – 1.2150 (Chart: TradingView)

Resistance: 1.2247 | 1.2365 | 1.2951
Support: 1.2061 | 1,1613

USD/CAD Forecast: The daily chart of USD/CAD looks negative. In the flat sideways trend, a reversal could be on the horizon. A recovery above 1.2365 would classify the chart picture as neutral, but only a price advance above key resistance zone around 1.3000 would turn the chart picture into positive. The current low is located at 1.2007.

USD/CAD price prediction: Weekly chart shows slower downward movement

Last update: June 13, 2021

USD/CAD on the weekly chart is moving in an established downtrend and trading near above the 2017 low.

USDCAD forecast using weekly chart,- possible support
USD/CAD forecast: Established downtrend with prices at around 1.2150 (Chart: TradingView)

Resistance: 1.2247 | 1.2951 | 1.3064
Support: 1.2061 | 1,1613

USDCAD 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: Monthly chart

Last update: June 13, 2021

USD/CAD on the monthly chart is trading near above the 2017 low. We see a downward move from 2016 high level since March 2020.

USD/CAD prediction using monthly chart since 2008 - Support remains at risk
USD/CAD prediction: Monthly chart shows defined downtrend (Chart: TradingView)

Resistance: 1.2247 | 1.2951 | 1.3064
Support: 1.2061 | 1,1613

USDCAD prediction: The monthly chart of USD/CAD looks negative. Prices challenging support around the 2017 low. Only a price advance above key resistance around 1.3064 could turn the chart picture to positive.

USD/CAD Forecast: Quarterly chart

Last update: June 13, 2021

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 2017 and 2018 lows.

USDCAD outlook quarterly chart - price at around 1.2150
USD/CAD forecast: Support at the low from 2017 is challenged (Chart: TradingView)

Resistance: 1.2247 | 1.2951 | 1.3064
Support: 1.2061 | 1,1613

USD/CAD outlook: The quarterly chart of USD/CAD looks neutral to 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: Yearly chart (Historical chart)

Last update: June 13, 2021

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.

USDCAD outlook - historical chart based on 12 month timeframe
USD/CAD long term prediction: Challenging 2017 low (Chart: TradingView)

Resistance: 1.2247 | 1.2951 | 1.3064
Support: 1.2061 | 1,1613

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

What is the current price of USD/CAD ?

The current price of USD/CAD you can see here.

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.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

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