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Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 06/08/2020

Fundamental analysis

06 August, 2020

The USD/CAD traded higher during Europe as the dollar slightly climbed against a basket of other currencies. The Loonie was slightly weaker against the Greenback at lunch time in Europe. Falling oil prices hurt the USD/CAD currency pair. It is currently 1.32724. Today’s U.S. unemployment data could move the pair. Canada will report its own unemployment numbers on Friday.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/08/2020
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/08/2020

Support & Resistance Level Explanation
Resistance 2 1.3358 Daily R2
Resistance 1 1.3330 Daily R1
Support 1 1.3257 Daily S1
Support 2 1.3229 Daily S2

USDCAD Indicator Table - 06/08/2020

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

USDCAD Indicator / Period Table - 06/08/2020

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Buy SellNeutral
SMA 20 Sell SellBuy

USDCAD 06/08/2020 - Reference Price : 1.3292

Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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