USD CAD Forecast for 2025, 2026, 2027–2030 and Beyond

The USDCAD pair is a major currency pair in the Forex market, reflecting the economic health of the United States and Canada, the two largest trading partners. The pair’s fluctuations reflect not only the difference in interest rates and economic indicators of the respective countries, but also the state of the world commodity markets, especially oil, as Canada is a major exporter of energy commodities.

This article assesses the key forecasts for the coming years, provides fundamental and technical analysis, and evaluates the impact of global factors on the USDCAD exchange rate.

The article covers the following subjects:

Major Takeaways

• The current price of the USDCAD pair is CA$1.36478 as of 02.07.2025.
• The USDCAD pair reached its all-time high of CA$1.5848 on 27.08.1998. The pair’s all-time low of CA$1.1191 was recorded on 04.11.1991.
• According to technical analysis, important key levels for the USDCAD pair in 2025 will be 1.32, 1.39, and 1.44, at which both breakouts and trend reversals are possible.
• Export and import flows. The USDCAD rate may fluctuate due to changes in the US-Canada trade balance.
• Technical analysis: Under current market conditions, the USDCAD pair is expected to maintain a bullish trend, but it may reverse if the quotes pierce the key levels.
• According to forecasts, the USDCAD rate will depend on global economic growth, central banks’ policy, and energy prices.
• Seasonal factors. Historically, the Canadian dollar has strengthened during periods of increased demand for export goods from Canada.

USDCAD Real-Time Market Status

The USDCAD currency pair is trading at CA$1.36478 as of 02.07.2025.

When analyzing the USDCAD pair, it is essential to consider the impact of macroeconomic indicators. Key factors include the monetary policies of the Bank of Canada and the US Federal Reserve. Inflation indicators, particularly the core consumer price index (CPI), are also crucial to monitor. In addition, historical levels of support and resistance, along with the past year’s price performance, should be taken into account for a comprehensive analysis.

Metric	Value
Bank of Canada’s overnight interest rate	2.75%
Core inflation rate	0.5%
All-time low	CA$1.1191
All-time high	CA$1.5848
Rate change over 12 months	-1.13%

USDCAD Price Forecast for 2025 Based on Technical Analysis

A Falling Wedge pattern has formed on the USDCAD chart. This bullish pattern signals a reversal of the downtrend. The price has approached the lower boundary of the pattern, testing the key horizontal support level near 1.3550.

The RSI is in the oversold zone near 27, indicating an imminent rebound. However, the MACD remains below the zero line, and the histogram is in the red zone with no signs of reversal, which currently hampers the bullish scenario. The SMA(50) moving average is trending above the price, acting as a resistance level. If the price pierces the upper boundary of the Falling Wedge pattern, the first growth targets will be near 1.3750, and the second target will be 1.3940, provided there is a trend reversal.

Month	Minimum, CA$	Maximum, CA$
July 2025	1.3540	1.3680
August 2025	1.3600	1.3760
September 2025	1.3680	1.3840
October 2025	1.3740	1.3900
November 2025	1.3790	1.3950
December 2025	1.3840	1.4010
January 2026	1.3900	1.4060
February 2026	1.3950	1.4120
March 2026	1.3980	1.4160
April 2026	1.4010	1.4200
May 2026	1.4050	1.4260
June 2026	1.4100	1.4350

Long-Term Trading Plan for USDCAD

Given the formation of the Falling Wedge and strong oversold conditions, a breakout above the upper boundary of the pattern could trigger a medium-term upward correction.

The optimal entry point into long positions is in the range of 1.3620–1.3650. A buy signal will be generated if a bullish candlestick pattern emerges, the price breaks through the resistance level, or the RSI increases. The bullish targets are 1.3750 and 1.3940. If the price rebounds from the resistance level and returns below 1.3550, the pair may continue to decline to the bearish targets at 1.3450 and 1.3350. Stop-loss orders should be placed outside the Wedge pattern. When considering range-bound trading, long positions can be opened near the support level in the short term.

When making decisions, it is essential to consider fundamental factors, including the decisions made by the US Federal Reserve and the Bank of Canada, shifts in oil prices, and escalating trade wars between the United States and its key partners.

Analysts’ USDCAD Price Projections for 2025

In 2025, the USD/CAD pair is expected to exhibit moderate volatility, with a downward bias in certain months. Below are estimates from three analytical platforms, including price ranges and potential trends, against the backdrop of macroeconomic conditions.

CoinCodex

Price range in 2025 (CAD): 1.290641–1.384683 (as of 25.06.2025).

CoinCodex anticipates moderate price fluctuations throughout the year, with potential purchases occurring at low levels and a decline at the end of the year. According to the forecast, the pair is expected to remain within a narrow range, with no significant growth projected.

Month	Minimum, CA$	Average, CA$	Maximum, CA$
July	1.355354	1.368317	1.377278
August	1.355990	1.371137	1.384683
September	1.340955	1.355283	1.369948
October	1.312967	1.329493	1.366777
November	1.305111	1.319722	1.332728
December	1.290641	1.304002	1.312018

WalletInvestor

Price range in 2025 (CAD): 1.371–1.410 (as of 25.06.2025).

WalletInvestor predicts that the USDCAD rate will gradually strengthen with minor corrections in the middle of the year. In August and September, the pair is projected to be around 1.39, after which it is expected to continue growing until the end of 2025, which is particularly relevant to investors focusing on medium-term strategies.

Month	Minimum, CA$	Average, CA$	Maximum, CA$
August	1.371	1.375	1.378
September	1.375	1.379	1.383
October	1.383	1.390	1.397
November	1.397	1.401	1.405
December	1.405	1.407	1.410

LongForecast

Price range in 2025 (CAD): 1.296–1.409 (as of 25.06.2025).

LongForecast estimates that the pair will decline in the first half of the year, with an accelerating bearish momentum in October and December. The USDCAD rate is projected to reach approximately 1.32 by year-end.

Month	Minimum, CA$	Average, CA$	Maximum, CA$
July	1.339	1.374	1.409
August	1.349	1.370	1.391
September	1.309	1.370	1.370
October	1.302	1.329	1.342
November	1.296	1.322	1.336
December	1.309	1.316	1.349

Analysts’ USDCAD Price Projections for 2026

Forecasts for 2026 point to a mixed outlook for the USDCAD pair. The trading instrument is expected to decline, recovering by the end of the year. These price movements may attract both short-term speculators and position traders.

CoinCodex

Price range in 2026 (CAD): 1.233645–1.416744 (as of 25.06.2025).

According to CoinCodex, the USDCAD pair will continue to fluctuate within a moderate range, with a downward trend in the first half of the year. The pair may strengthen slightly at the end of 2026. Minor spikes are possible from time to time.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2026	1.233645	1.312131	1.416744

WalletInvestor

Price range in 2026 (CAD): 1.407–1.451 (as of 25.06.2025).

WalletInvestor forecasts a moderate strengthening of the USDCAD pair during 2026, with some corrections within the range. Starting in January, the pair will show slight fluctuations, reaching a high of 1.451 by the end of the year. Overall, the pair is expected to continue its upward trend.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2026	1.407	1.416	1.451

LongForecast

Price range in 2026 (CAD): 1.329–1.465 (as of 25.06.2025).

According to LongForecast, the USDCAD exchange rate is expected to rise gradually throughout 2026. In the first half of the year, the pair is projected to show moderate strengthening, followed by a consolidation phase.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2026	1.329	1.365	1.465

Analysts’ USDCAD Price Projections for 2027

Forecasts for 2027 assume that the USDCAD pair will continue to experience elevated volatility, with projected periods of decline in the first half of the year followed by recovery towards year-end. In light of the Canadian dollar’s recent strengthening, a wide range of fluctuations is anticipated, resulting in promising opportunities for short-term trading.

CoinCodex

Price range in 2027 (CAD): 1.268251–1.485478 (as of 25.06.2025).

CoinCodex predicts a moderate decline in USDCAD quotes in the first half of 2027, with a possible decrease in volatility. Despite minor upticks in November and December, the primary trend will remain downward in 2027.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2027	1.268251	1.344438	1.485478

WalletInvestor

Price range in 2027 (CAD): 1.448–1.492 (as of 25.06.2025).

WalletInvestor estimates that the US dollar will steadily strengthen against the Canadian dollar throughout 2027, showing minor fluctuations within a narrow trading range. By the close of the year, the currency pair is expected to stabilize near its yearly high.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2027	1.448	1.457	1.492

LongForecast

Price range in 2027 (CAD): 1.357–1.471 (as of 25.06.2025).

According to LongForecast, the USDCAD pair will grow moderately throughout 2027, with the sharpest spikes expected in May and December. The Canadian dollar may strengthen gradually, with strong fluctuations remaining unlikely within the narrow range.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2027	1.357	1.408	1.471

Analysts’ USDCAD Price Projections for 2028

The USDCAD exchange rate is projected to exhibit strong volatility in 2028. In light of the potential shifts in the global economy, the Canadian dollar may appreciate, with periodic corrections and fluctuations throughout the year.

CoinCodex

Price range in 2028 (CAD): 1.226608–1.39746 (as of 25.06.2025).

CoinCodex assumes that the USDCAD rate will show a moderate downward trend in 2028, stabilizing by year-end. This opens up opportunities for opening short positions, especially in the first half of the year, holding them until the middle of the year and beyond.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2028	1.226608	1.316551	1.39746

WalletInvestor

Price range in 2028 (CAD): 1.489–1.533 (as of 25.06.2025).

WalletInvestor believes that the USDCAD pair will continue to strengthen gradually in the first half of 2028. The bullish trend will intensify at the end of the year, and the price is likely to reach 1.533.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2028	1.489	1.514	1.533

LongForecast

Price range in 2028 (CAD): 1.384–1.485 (as of 25.06.2025).

LongForecast predicts that in 2028, the USDCAD currency pair will move within the range of 1.384 to 1.485. The forecast encompasses both potential increases and short-term drawdowns. In general, the exchange rate will likely maintain a moderate upward trend.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2028	1.384	1.426	1.485

Analysts’ USDCAD Price Projections for 2029

Forecasts for the USDCAD exchange rate for 2029 consider possible fluctuations in the currency pair and price ranges throughout the year.

CoinCodex

Price range in 2029 (CAD): 1.244853–1.383777 (as of 25.06.2025).

CoinCodex predicts moderate fluctuations for the USDCAD pair in 2029, with the highest volatility in the first half of the year. The growth is expected in the first quarter, but closer to the end of the year, the USDCAD market may face pullbacks.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2029	1.244853	1.314665	1.383777

WalletInvestor

Price range in 2029 (CAD): 1.531–1.575 (as of 25.06.2025).

WalletInvestor predicts an upward trend for the USDCAD pair in 2029, albeit with minimal volatility spikes. The overall forecast points to further strengthening of the Canadian dollar in the middle of the year, with more moderate growth by year-end.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2029	1.531	1.552	1.575

LongForecast

Price range in 2029 (CAD): 1.442–1.571 (as of 25.06.2025).

LongForecast anticipates that the Canadian dollar will strengthen steadily in 2029, particularly in the second half of the year. The sharpest increase will occur in July, when the price may surge to 1.571.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2029	1.442	1.495	1.571

Analysts’ USDCAD Price Projections for 2030

This section presents forecasts for the USDCAD exchange rate for 2030 from various analysts. We will examine price ranges, potential trends, and market volatility.

CoinCodex

Price range in 2030 (CAD): 1.31674–1.383359 (as of 25.06.2025).

CoinCodex‘s forecast for 2030 assumes moderate volatility within a wide range. The pair will offer numerous buying and selling opportunities throughout the year. A slight increase is expected by the end of the year, with a possible high of around 1.38.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2030	1.31674	1.345636	1.383359

WalletInvestor 

Price range in 2030 (CAD): 1.572–1.533 (as of 25.06.2025).

According to WalletInvestor, the USDCAD pair is expected to display a sustainable upward trend in 2030. However, a slight decline is possible in the fourth quarter. The prevailing trend is likely to remain moderately bullish, exhibiting minor fluctuations.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2030	1.533	1.56498	1.580

GovCapital 

Price range in 2030 (CAD): 1.25021–1.38525 (as of 25.06.2025).

According to the forecast by GovCapital, the USDCAD pair will see significant market fluctuations, climbing to the upper range at the beginning of the year, followed by a subsequent decline. The minimum price will be around 1.25 in January, after which the pair will soar to a high of 1.38 in December.

Year	Minimum, CA$	Average, CA$	Maximum, CA$
2030	1.25021	1.31523	1.38525

Analysts’ USDCAD Price Projections Until 2050

Long-term forecasts for the USDCAD pair with a horizon up to 2050 are not widely available due to the high uncertainty associated with global economic cycles, central bank policies, inflation risks, and volatility in commodity markets, especially the oil market.

Given the Canadian dollar’s close correlation with energy prices, long-term estimates are speculative. Most analysts limit their projections to a 1–5 year horizon, and scenarios for 10–25 years are based more on assumptions than on specific models. Therefore, such long-term forecasts should be regarded with a degree of caution, as they do not accurately reflect actual trading conditions but instead provide a reference of merely informative nature.

Market Sentiment for USDCAD on Social Media

Social media sentiment plays a significant role in evaluating short-term expectations for the USDCAD pair. In the financial markets, traders are currently engaged in active discussions regarding the pair’s performance, which is influenced by Federal Reserve decisions, changes in oil prices, and macroeconomic statistics from Canada. A rise in the US dollar is often associated with a bullish sentiment, while a strengthening Canadian dollar can lead to a significant increase in bearish expectations. Posts on X (formerly Twitter), Telegram, and trading forums are a valuable source of information for tracking the general perception of price movements and potential entry levels.

For example, user @Sheldon08638921 suggests that after the USDCAD pair completes the bearish wave 5, the price will start a rally within the A-B-C pattern. An upward reversal is expected against the backdrop of the end of the downward impulse.

@daredevil_trade notes a significant downward trend since the end of March, with prices reaching the monthly demand zone. The pair may continue to decline, followed by a period of consolidation, before bullish signals emerge.

Social media sentiment indicates a short-term decline followed by an upward reversal or the formation of a stable sideways trend. Market participants are closely monitoring the demand zone and reversal signals, but a cautious approach prevails. However, media sentiment serves as an additional indicator only. It can help capture the mood of market participants, but it cannot replace technical and fundamental analysis.

USDCAD Price History

The USDCAD pair reached its all-time high of CA$1.5848 on 27.08.1998.

The lowest price of the USDCAD pair was recorded on 04.11.1991 and reached CA$1.1191.

Below is a chart showing the USDCAD pair’s performance over the last ten years. In this connection, it is important to evaluate historical data to make predictions as accurate as possible.

As you can see on the chart, the USDCAD currency pair has experienced significant fluctuations, reflecting changes in the US and Canadian economies. In the early 1990s, the pair traded between 1.15 and 1.40, but the Canadian dollar strengthened in 2002. The USDCAD has since declined to 1.10, driven by rising oil prices and a robust Canadian economy.

The global financial crisis of 2008 led to a significant shift in the investment landscape, with investors seeking out safe-haven assets. As a result, the Canadian dollar weakened significantly, and the USDCAD rate surged above 1.30. In the following years, the price of the pair fluctuated between 0.95 and 1.10, responding to shifts in commodity markets.

Between 2015 and 2020, USDCAD quotes rose steadily, reaching 1.45 amid the pandemic and falling oil prices. Between 2022 and 2023, the pair traded within the range of 1.32–1.40.

USDCAD Price Fundamental Analysis

A fundamental analysis of the USDCAD rate involves analyzing the macroeconomic factors that drive the currency pair’s quotes. The primary factors influencing the rate’s fluctuations include the monetary policy of the US Federal Reserve and the Bank of Canada, the economic conditions of both countries, and oil prices.

What Factors Affect the USDCAD Pair?

• Fed and BoC monetary policy. Interest rate differentials affect the attractiveness of each currency.
• Oil prices. Canada is a major exporter of oil, an increase in its value strengthens the CAD.
• Economic data. GDP, unemployment rate, inflation, and trade balance data affect the exchange rate.
• Recession risks and geopolitical factors. Economic crises and conflicts prompt investors to turn to safe-haven assets.
• Bond yield spread. Investors prefer currencies with higher government bond yields.
• Investor sentiment and capital flows. Investment inflows into the US or Canada have a positive effect on their currencies.

More Facts About USDCAD

USDCAD is a major currency pair in the Forex market, offering high liquidity due to the high volume of trade between the United States and Canada.

The Canadian dollar, often referred to as the “Loonie,” has historically been correlated with oil prices. As Canada is one of the world’s leading energy exporters, rising oil prices tend to strengthen the Canadian dollar, while falling prices often weaken it.

Investors, traders, and central banks use the USDCAD pair to assess macroeconomic trends and make monetary policy decisions. The pair is also in demand by exporters and importers of both countries and international investors seeking to hedge currency risks.

The fluctuations in the USDCAD rate are attributed to economic data, the policies of the Fed and the Bank of Canada, and global economic conditions. Due to its high volatility, this pair remains popular among traders and investors.

Advantages and Disadvantages of Investing in USDCAD

Investing in the USDCAD presents a range of opportunities for traders and investors. Its high liquidity and ease of forecasting make this pair attractive for trading. However, it is essential to remember that there are inherent risks.

Advantages

• High liquidity. The USDCAD pair boasts high liquidity, making it a popular choice for traders and investors. The pair’s trading volume is exceptionally high, and it is traded on one of the world’s largest Forex markets, ensuring minimal spreads and fast order execution.
• Predictability. The USDCAD rate is closely linked to oil prices, as well as to the monetary policy of the Fed and the BoC.
• Hedging opportunities. The pair is popular among traders and investors who use it to protect against currency risks in international transactions and investments.
• Accessibility. The currency pair is available on all major trading platforms, and trading costs remain low due to high liquidity.
• Suitable for various strategies. The versatility of the USDCAD pair makes it suitable for a range of strategies, including day trading, scalping, and long-term investments.

Disadvantages

• Dependence on oil prices. The Canadian dollar’s value is closely tied to the global price of oil. Significant fluctuations in the price of oil can lead to high volatility.
• Macroeconomic risks. Given that Canada has an export-oriented economy, the exchange rate is influenced by the global economy, trade agreements, and tariffs.
• Volatility risk. Market news, central bank announcements, or sudden changes in oil prices may affect the exchange rate significantly.
• Political factors. Trade disputes between Canada and the US, as well as geopolitical uncertainty, can also impact the major currency pair.
• Interest rates. Changes in the monetary policy of the Bank of Canada and the Fed can cause sharp movements of USDCAD quotes, which can complicate long-term trading.

How We Make Forecasts

Forecasting the USDCAD rate requires a thorough analysis of short-, medium-, and long-term factors. Our approach integrates technical and fundamental analysis.

Short-term forecasts up to three months are based on technical analysis, including support and resistance levels, candlestick patterns, and indicators such as the RSI, MACD, and Bollinger Bands. In addition, we take into account news, macroeconomic statistics from the US and Canada, and oil market volatility.

Medium-term forecasts from 3 months to a year include an assessment of the monetary policy of the US Federal Reserve and the Bank of Canada, inflation rates, GDP growth, employment and trade balance data. The impact of oil prices and commodity markets is also analyzed.

Long-term forecasts extend over a period of one year or more and are based on estimates of economic growth, demographic trends, changes in trade agreements between the US and Canada, and global currency market trends.

Conclusion: Is USDCAD a Good Investment?

According to the forecasts presented in this review, the USDCAD pair is expected to continue demonstrating moderate volatility in the long term. The pair will exhibit both bullish and bearish trends, albeit showing stable price movements. In the context of gradual exchange rate fluctuations, this asset may be appealing to investors with a short- to medium-term investment horizon, considering moderate volatility.

Price chart of USDCAD in real time mode

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