You can also freeze the rates for up to three days by paying a refundable deposit of 2% using our Book Now & Pay Later Feature. Online forex platforms like BookMyForex make converting foreign currency much easier and more hassle-free. Say goodbye to bank visits, as BookMyForex strives to make currency conversion convenient and completely digital for you.

Not only is this time-consuming, but even after all the effort, you still end up paying higher costs, as banks/ money changers charge 2 to 5% more than base rates. BookMyForex offers the’most updated and unbeatable exchange rates to its customers. Interbank rates arethe same rates that you see on search engines. BookMyForex.com allows you to check the rates which are interbank rates. On the XAUUSD H4 chart, the market is forming an upward wave towards the 5,090 level. Today, 26 January 2026, the pair is expected to reach this target level.

Information may be delayed or inaccurate, and forecasts are speculative, based on historical data and algorithms. Using decades of historical data, advanced algorithms, and continuous market updates, we deliver clear, actionable insights. Explore more forecasts involving United States Dollar (USD) paired with other major currencies. The rate between the United States Dollar and the Canadian Dollar changes constantly due to various market forces. Extended yearly projections for the USD to CAD exchange rate, offering a speculative outlook over the next fifty years. Reference tables showing common amount conversions between USD and CAD based on the current exchange rate.

  • On the daily USDJPY chart, the market found support in the 158.30–158.36 area, after which a new upward wave began to form.
  • In 2025, USD/CAD was highly volatile, reacting to changes in monetary policy in both countries and fluctuations in oil prices.
  • A breakout above this level would open the door to a wave towards 5,150.
  • Others expect a rise to 1.4289–1.5420 amid strong volatility driven by unpredictable geopolitical risks.
  • Also, you can send money overseas to 150+ countries at live conversion rates instead of made-up “today conversion rate”.
  • Recent trends in its exchange rate have highlighted the pair’s responsiveness to economic developments, geopolitical factors and changes in monetary policy, presenting a critical opportunity for forex traders.

Brent forecast scenarios

When trading or investing, you must always take into consideration the level of your experience. Dive deep into the Gold (XAUUSD) price outlook for 2026 and beyond, combining technical analysis, expert forecasts, and key macroeconomic factors. This article provides the EURUSD forecast for 2026 and 2027 and highlights the main factors determining the direction of the pair’s movements. The Canadian dollar continues to strengthen amid expectations of the BoC interest rate decision.

Overall, the fundamental backdrop for the current week is moderately bearish for the pair. The BoC maintains a more neutral tone, which reduces the USD risk premium and boosts corrective pressure in the USDCAD pair. The current structure points to a distribution phase, where the market becomes sensitive to breakouts below key support levels. Thus, the fundamental backdrop creates conditions for the current upward wave to complete and for the market to transition into a correction phase.

About Canadian Dollar (CAD)

The main target for the Bank of Canada is to keep inflation rates within the current levels or closer to 2%. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. One thing that could be helping just a bit for the Canadian dollar is the fact that the crude oil market has been relatively resilient as well. The US dollar has struggled during the trading session on Tuesday against the Canadian dollar, but quite frankly, this is a market-wide phenomenon. Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Economists believe that the bank will decide to leave interest rates unchanged at 2.25% to give policymakers a chance to digest more macro data.

Over the coming week, market participants will focus on US macroeconomic data and any comments from Fed officials that could affect rate expectations. The US regulator continues to maintain a hawkish tone, emphasising the priority of fighting inflation and the need to keep interest rates high for an extended period. After the pair reaches 1.1825, a corrective move is expected, with a likely pullback to the 1.1680–1.1620 area (a test of the broken area from above). Within the current structure, the market suggests a continued upward move towards 1.1825, where the upper boundary of medium-term resistance and the projection of the second wave are located. On the daily EURUSD chart, the market broke decisively and consolidated above the SMA 50 (1.1680), signalling the end of the previous correction phase and a transition to an upward wave. Another factor pressuring the dollar is escalating geopolitical tensions in the Caribbean, which increases global risks and temporarily reduces interest in dollar assets.

Loonie Loses Ground As Trade War Continues. Forecast as of 28.05.2025

If this level is broken to the upside, potential opens for a continued move towards 69.75. Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 4,500. Further, an upward move towards the 5,090 level cannot be ruled out. Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 26 January 2026. After reaching this level, a corrective pullback towards the 64.57 area is possible, which may act as a technical retest ahead of the final move towards the main target at 66.75. On the daily chart, Brent crude is forming a growth wave structure, with a local target around 66.75.

  • However, the Forex market is volatile and influenced by many unpredictable factors.
  • BookMyForex offers the’most updated and unbeatable exchange rates to its customers.
  • However, if oil prices rise, the Canadian dollar will strengthen, which makes the pair attractive for selling.
  • This isn’t just the Canadian dollar speaking here, as US tensions with trade barriers continues, that causes a little bit of negative pressure here as well.
  • BookMyForex offers currency notes as well as multi-currency forex cards for foreign exchange at the best conversion rates.
  • The Rate Alert feature on BookMyForex will notify you when your desired CAD to INR conversion rate becomes available.

EURUSD forecast scenarios

Forex traders should remain vigilant, keeping a close eye on forthcoming economic data releases, the election of a new Canadian Prime Minister and central bank statements from both countries to identify potential shifts in the pair’s trend. Strong U.S. economic data, higher interest rates and bullish technical indicators support this upward movement fundamentally. Based on current market conditions and technical indicators, we expect the USD/CAD pair to maintain its upward trajectory in the short term.

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The overall structure still shows signs of an uptrend, but price trading near multi-year highs increases the risks of volatile pullbacks and profit-taking. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. The USD/CAD rose further during the American session on the back of a stronger US dollar and a decline in crude oil prices. The USD/CAD pair tells the trader how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency).

If the market breaks below 1.1680, it will open the potential for the decline to continue towards 1.1555, where key support of the current range is located. Thus, the fundamental backdrop creates conditions for elevated volatility and scenario-based trading within the medium-term range. At the same time, investors remain cautious about the euro amid weak macroeconomic signals from the eurozone, which limits the pair’s potential for sustained growth.

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Brent prices continue to receive support from sustained supply control by OPEC+ and expectations of a seasonal increase in demand from velocity trade oil refineries ahead of the spring period. If the 4,888 support level holds, the market will retain potential for further growth towards 4,950–5,000, with a consolidation range likely to form near these values. After the breakout, prices received confirmed support from above and continued an impulsive growth wave. On the daily XAUUSD chart, the market confidently broke above the key level at 4,888, which previously acted as a supply zone. The current momentum phase is aimed at reaching the key target level at 1.3698, where partial profit-taking and a slowdown in the downward move are expected.

Brent technical analysis

Having to run to a bank or an offline money changer every time you want to convert currency isn’t convenient. Our Canadian Dollar to INR rates is LIVE and accurate to the last second. Moreover, we have alsoadded the table of the most popular CAD to INR conversions and historical charts for current, weeklyand monthly CAD to INR rates. Technical indicators for today’s Brent forecast suggest a rise towards the 66.75 level.

According to the CME FedWatch Tool, there is a 98% probability that the Fed will hold rates in January, and only a 15% probability of a 25-basis-point rate cut in March. Market participants are widely expecting that the Fed will keep interest rates unchanged in the range of 3.5%-3.75%. Currency trading on margin involves high risk, and is not suitable for all investors. The Bank of Canada is instaforex review expected to basically hang tight with the policy rate currently sitting at 2.25%.

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. We recommend conducting your own research and consulting with a financial advisor before making trading decisions based on forecasts for the United States Dollar or Canadian Dollar. These longer-term projections provide a reference for strategic financial planning, keeping in mind that forecast accuracy typically decreases over extended periods. View the projected month-by-month lexatrade exchange rate forecast for USD to CAD covering the upcoming two years.