CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 24/07/2025

Fundamental analysis

24 July, 2025

In European trading, the US Dollar fell against the Canadian Dollar, trading below 1.3700 levels.
The USD/CAD currency pair traded downward in the European session as Trump’s visit to the FED today is creating negative pressure on the US dollar, because the independence of the FED is being questioned. In Canada, Retail Sales data for May (-0.9% exp) will be posted (13:30 GMT+1). In the US, Initial Jobless Claims data (227k exp) will be released (13:30 GMT+1), Manufacturing PMI (52.7 exp) and Services PMI (53.0 exp) data for July will be released (14:45 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 24/07/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 24/07/2025

Support & Resistance Level Explanation
Resistance 2 1.3660 Daily R2
Resistance 1 1.3639 Daily R1
Support 1 1.3583 Daily S1
Support 2 1.3562 Daily S2

USDCAD Indicator Table - 24/07/2025

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

USDCAD Indicator / Period Table - 24/07/2025

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

USDCAD 24/07/2025 - Reference Price : 1.3611

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