CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 01/12/2021

Fundamental analysis

01 December, 2021

The USD/CAD pair drifted sideways in choppy trading on Wednesday. It is 1.27429 at lunchtime in Europe. Canada will report its Manufacturing PMI for November and its Building Permits for October later today. The United States will release its ADP Nonfarm Payroll Change as well as its ISM Manufacturing PMI, both for November, this afternoon. U.S. Federal Reserve Chairman Powell and Treasury Secretary Yellen will continue their testimony before the Senate Banking Committee today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 01/12/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 01/12/2021

Support & Resistance Level Explanation
Resistance 2 1.28006 Daily R2
Resistance 1 1.27758 Daily R1
Support 1 1.27098 Daily S1
Support 2 1.26851 Daily S2

USDCAD Indicator Table - 01/12/2021

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

USDCAD Indicator / Period Table - 01/12/2021

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

USDCAD 01/12/2021 - Reference Price : 1.27428

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