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 16/06/2022

Fundamental analysis

16 June, 2022

The Canadian dollar is weaker today. The USD/CAD pair are currently trading at 1.2942. Canada will report Wholesale Sales Month-on-Month for April later today. The United States will print The Philly Fed Employment Index and Building Permits for May. Housing Starts for May will be reported later today. Initial Jobless Claims will also be reported later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/06/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/06/2022

Support & Resistance Level Explanation
Resistance 2 1.3029 Daily R2
Resistance 1 1.2991 Daily R1
Support 1 1.2889 Daily S1
Support 2 1.2851 Daily S2

USDCAD Indicator Table - 16/06/2022

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

USDCAD Indicator / Period Table - 16/06/2022

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

USDCAD 16/06/2022 - Reference Price : 1.2940

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