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 03/01/2025

Fundamental analysis

03 January, 2025

In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.4400 levels.

The USDCAD currency pair has been maintaining its price level throughout today’s trading session. In Canada, no economic data releases are scheduled today. In the US, ISM Manufacturing PMI for December (48.2 exp) and ISM Manufacturing Prices for December (51.5 exp) will be released (15:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 03/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 03/01/2025

Support & Resistance Level Explanation
Resistance 2 1.4444 Daily R2
Resistance 1 1.4426 Daily R1
Support 1 1.4376 Daily S1
Support 2 1.4358 Daily S2

USDCAD Indicator Table - 03/01/2025

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 - 03/01/2025

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

USDCAD 03/01/2025 - Reference Price : 1.4401

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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