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Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 23/07/2021

Fundamental analysis

23 July, 2021

The USD/CAD pair traded sideways in a tight channel on Friday. It is 1.25662 at lunchtime in Europe. Canada will report its Retail Sales for May later today. The United States will post its latest Manufacturing and Services PMI’s this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/07/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/07/2021

Support & Resistance Level Explanation
Resistance 2 1.2648 Daily R2
Resistance 1 1.2610 Daily R1
Support 1 1.2509 Daily S1
Support 2 1.2471 Daily S2

USDCAD Indicator Table - 23/07/2021

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

USDCAD Indicator / Period Table - 23/07/2021

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy NeutralNeutral
SMA 20 Sell BuySell

USDCAD 23/07/2021 - Reference Price : 1.2572

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