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 06/08/2025

Fundamental analysis

06 August, 2025

In European trading, the US Dollar fell against the Canadian Dollar, trading below 1.3800 levels.
The USD/CAD currency pair decreased following new announcements of a possible meeting between US President Trump and Canada’s PM Carney, which is creating positive pressure for the Canadian dollar. In Canada, Reserve Assets data for July (127.9 bln exp) will be released (13:15 GMT+1). In the US, Fed Member Daly will speak (17:45 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/08/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/08/2025

Support & Resistance Level Explanation
Resistance 2 1.38150 Daily R2
Resistance 1 1.37944 Daily R1
Support 1 1.37396 Daily S1
Support 2 1.37190 Daily S2

USDCAD Indicator Table - 06/08/2025

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

USDCAD Indicator / Period Table - 06/08/2025

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

USDCAD 06/08/2025 - Reference Price : 1.37670

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