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 23/08/2021

Fundamental analysis

23 August, 2021

The USD/CAD pair meandered lower on Monday. It is 1.27400 at lunchtime in Europe. Canada’s economic calendar is empty. The United States will release its Manufacturing and Services PMI’s for August this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/08/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/08/2021

Support & Resistance Level Explanation
Resistance 2 1.2815 Daily R2
Resistance 1 1.2784 Daily R1
Support 1 1.2701 Daily S1
Support 2 1.2670 Daily S2

USDCAD Indicator Table - 23/08/2021

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

USDCAD Indicator / Period Table - 23/08/2021

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

USDCAD 23/08/2021 - Reference Price : 1.2736

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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