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 20/12/2021

Fundamental analysis

20 December, 2021

The USD/CAD pair climbed higher on Monday. It is 1.29165 at lunchtime in Europe. Falling oil prices are hurting the Loonie. Canada is not expected to report any significant economic data. The United States will release the US Leading Index for November this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 20/12/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 20/12/2021

Support & Resistance Level Explanation
Resistance 2 1.2986 Daily R2
Resistance 1 1.2956 Daily R1
Support 1 1.2874 Daily S1
Support 2 1.2843 Daily S2

USDCAD Indicator Table - 20/12/2021

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

USDCAD Indicator / Period Table - 20/12/2021

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

USDCAD 20/12/2021 - Reference Price : 1.2921

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