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

Last update: December 13, 2020

In the daily chart we see USD/CAD Forex pair trading in an established downtrend after crossing the 2019 low.

USDCAD outlook daily chart
USD/CAD forecast: next target 1.2500? (Chart: TradingView)

Resistance: 1.2951 | 1.3064
Support: 1.2500

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 around 1.3064 could turn the chart picture to positive.

USD/CAD price prediction: Weekly chart

Last update: December 13, 2020

USD/CAD on the weekly chart is moving in an established downtrend and trading below 2019 low and 2009 high.

USDCAD forecast using weekly chart
USD/CAD forecast: Established downtrend (Chart: TradingView)

Resistance: 1.2951 | 1.3064
Support: 1.2500

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: December 13, 2020

USD/CAD on the monthly chart is trading below the 2019 low and 2009 high. We see a defined downtrend.

USD/CAD prediction using monthly chart
USD/CAD prediction: Monthly chart shows defined downtrend (Chart: TradingView)

Resistance: 1.2951 | 1.3064
Support: 1.2500

USDCAD prediction: The monthly chart of USD/CAD looks slightly negative. Next price target could be 1.2500. Only a price advance above key resistance around 1.3064 could turn the chart picture to positive.

USD/CAD Forecast: Quarterly chart

Last update: December 13, 2020

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 below the 2019 low and 2009 high.

USDCAD outlook quarterly chart
USD/CAD forecast: Next target 2018 low? (Chart: TradingView)

Resistance: 1.2951 | 1.3064
Support: 1.2500

USD/CAD outlook: 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: Yearly chart (Historical chart)

Last update: December 13, 2020

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 historical chart
USD/CAD long term prediction: Next target 2018 low? (Chart: TradingView)

Resistance: 1.2951 | 1.3064
Support: 1.2500

USD/CAD Forecast: The yearly chart of USD/CAD looks neutral to slightly 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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