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 31/12/2024

Fundamental analysis

31 December, 2024

In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.4370 levels.

Since this morning, this currency pair has been trading in an upward trend. The dollar's strengthening coincides with the approaching start of the Trump administration, known for its pro-market stance and hostility towards Canada, particularly through tariffs. In Canada, there are no scheduled data releases today. In the US, House Price Index data for October (0.5% exp) will be released (14:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 31/12/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 31/12/2024

Support & Resistance Level Explanation
Resistance 2 1.4413 Daily R2
Resistance 1 1.4395 Daily R1
Support 1 1.4349 Daily S1
Support 2 1.4331 Daily S2

USDCAD Indicator Table - 31/12/2024

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

USDCAD Indicator / Period Table - 31/12/2024

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

USDCAD 31/12/2024 - Reference Price : 1.4376

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