The USD/CAD pair edged lower this morning to trade at 1.2315 The pair made a modest climb on Thursday afternoon. Canada’s manufacturing Sales rose 1.0%, Month-over-Month. Its Wholesale Sales increased 1.0%, Month-over-Month. In the United States, Core Durable Goods Orders for May climbed less than expected at 0.3%, Month-over-Month. The consensus forecast was 0.8%. Initial Jobless Claims in the United States for the past week were worse than predicted coming in at 411,000 new claims versus 380,000 expected.
Dollar - Canadian Dollar Analysis
EU Session Analysis for CFD Instruments 25/06/2021
Technical analysis
Time Frame: 1 hour
USDCAD Support & Resistance Table - 25/06/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.2382 | Daily R2 |
Resistance 1 | 1.2315 | Daily R1 |
Support 1 | 1.2270 | Daily S1 |
Support 2 | 1.2239 | Daily S2 |
USDCAD Indicator Table - 25/06/2021
Indicator | Signal |
SMA 20 | Sell |
SMA 50 | Sell |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Sell |
Stochastic ( 9;6;3) | Sell |
USDCAD Indicator / Period Table - 25/06/2021
Indicator / Period | Day - Sell | Week - Sell | Month - Sell |
MACD( 12;26;9) | Buy | Sell | Sell |
RSI (14) | Sell | Sell | Sell |
SMA 20 | Sell | Sell | Sell |
USDCAD 25/06/2021 - Reference Price : 1.2305
Sell |
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