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. 70.91% 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 17/03/2021

Fundamental analysis

17 March, 2021

The USD/CAD pair climbed moderately higher on Wednesday. It is 1,24702 at midday in Europe. Lower oil prices hurt the Loonie. Canada will report CPI figures for February this afternoon. In the United States, the central bank will announce its latest interest rate decision and Chairman Jerome Powell will host a press conference after at 18:30 UK time. In data, the United States will post Housing Starts and Building Permits for February this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 17/03/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 17/03/2021

Support & Resistance Level Explanation
Resistance 2 1.2530 Daily R2
Resistance 1 1.2504 Daily R1
Support 1 1.2436 Daily S1
Support 2 1.2410 Daily S2

USDCAD Indicator Table - 17/03/2021

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

USDCAD Indicator / Period Table - 17/03/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Neutral SellSell
SMA 20 Sell SellSell

USDCAD 17/03/2021 - Reference Price : 1.2465

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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