US Dollar/Canadian Dollar Exchange Rate Forecast: Trading Signals Predict Declines. Summary: Our Forex Buy/Sell Trading Signals currently forecast US dollar declines against the Canadian dollar, and this forecast is consistent with our own predictions... Our Forex Buy/Sell Trading Signals currently forecast US dollar declines against the Canadian dollar, and this forecast is consistent with our own predictions for the US Dollar/Canadian dollar exchange rate. Indeed, two separate automated trading strategies recently sold the USDCAD-a countertrend move given recent US dollar rallies. Our technical forecast for the USDCAD shows expectations of a run towards parity through the medium term, and our forex trading signals are well-positioned to take advantage of such moves. See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.
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