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

EU Session Analysis for CFD Instruments 07/06/2021

Fundamental analysis

07 June, 2021

The USD/CAD pair inched higher to 1.2085. The pair fell sharply as the Greenback fell due to falling treasury yields. Canada’s Employment Change for May fell by 68,000 jobs. The consensus forecast was a loss of only 20,000 jobs. Canada’s Unemployment Rate for May came in at 8.2%, as expected. In the United States, Nonfarm Payrolls for May were 559,000. The consensus forecast was for 650,000 new jobs. The Unemployment Rate in the United States for May improved to 5.8%, slightly better than the 5.9% forecast.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/06/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/06/2021

Support & Resistance Level Explanation
Resistance 2 1.21322 Daily R2
Resistance 1 1.21124 Daily R1
Support 1 1.20596 Daily S1
Support 2 1.20398 Daily S2

USDCAD Indicator Table - 07/06/2021

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 - 07/06/2021

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

USDCAD 07/06/2021 - Reference Price : 1.20860

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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