CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 01/08/2025

Fundamental analysis

01 August, 2025

In European trading, the US Dollar rose against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD currency pair increased in the European session, as tariffs of 35% were implemented on Canadian imports to the US, while trade negotiations continue. In Canada, Manufacturing data for July (45.6 last month) will be released (14:30 GMT+1). In the US, NFP (106,000 expected) and Unemployment Rate data for July (4.2% expected) will be released (13:30 GMT+1) and ISM Manufacturing PMI data for July (49.5 exp) will be released (15:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 01/08/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 01/08/2025

Support & Resistance Level Explanation
Resistance 2 1.39187 Daily R2
Resistance 1 1.38978 Daily R1
Support 1 1.38422 Daily S1
Support 2 1.38214 Daily S2

USDCAD Indicator Table - 01/08/2025

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USDCAD Indicator / Period Table - 01/08/2025

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

USDCAD 01/08/2025 - Reference Price : 1.38700

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Canadian Dollar Chart
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