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 08/05/2025

Fundamental analysis

08 May, 2025

In European trading, the US Dollar advanced against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD pair gained ground in the European session as the FED kept their interest rate unchanged (4.50%) and as US President Donald Trump announced a major trade deal, creating positive pressure for the US dollar. In Canada, the BoC Financial System Review will be released (15:00 GMT+1). In the US, Initial Jobless Claims data (231k exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 08/05/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 08/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3931 Daily R2
Resistance 1 1.3908 Daily R1
Support 1 1.3848 Daily S1
Support 2 1.3825 Daily S2

USDCAD Indicator Table - 08/05/2025

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

USDCAD Indicator / Period Table - 08/05/2025

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

USDCAD 08/05/2025 - Reference Price : 1.3886

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