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 10/12/2024

Fundamental analysis

10 December, 2024

In European trading, the US Dollar decreased against the Canadian Dollar, trading just below 1.4200 levels.

Rumors that the Bank of Canada may perform a larger interest rate cut than expected (because of worse than expected unemployment data) is creating downward pressure on the currency pair. In Canada there are no data releases to be posted today. In the US, Q3 Nonfarm Productivity (2.2% exp) and Unit Labor Costs (1.9% exp) data will be released (13:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 10/12/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 10/12/2024

Support & Resistance Level Explanation
Resistance 2 1.4221 Daily R2
Resistance 1 1.4198 Daily R1
Support 1 1.4134 Daily S1
Support 2 1.4111 Daily S2

USDCAD Indicator Table - 10/12/2024

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 - 10/12/2024

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

USDCAD 10/12/2024 - Reference Price : 1.4166

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