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 06/05/2025

Fundamental analysis

06 May, 2025

In European trading, the US Dollar declined against the Canadian Dollar, trading below 1.3900 levels.
The USD/CAD pair pulled back in the European session as Canadian Prime Minister has stated a willingness to negotiate with US President Donald Trump over trade relations. In Canada, Trade Balance data for March (-1.70 bln exp) will be released (13:30 GMT+1). In the US, Imports (401.10 bln exp) and Exports (278.5 bln exp) for March will be released (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/05/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3873 Daily R2
Resistance 1 1.3852 Daily R1
Support 1 1.3794 Daily S1
Support 2 1.3773 Daily S2

USDCAD Indicator Table - 06/05/2025

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

USDCAD Indicator / Period Table - 06/05/2025

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Buy SellNeutral
SMA 20 Buy SellSell

USDCAD 06/05/2025 - Reference Price : 1.3823

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