The USD/CAD pair fell this morning to trade at 1.2792 The pair spiked higher on Tuesday as oil prices dropped. Canada’s New Housing Price Index for August printed at 0.7%, Month-over-Month. Housing Starts and Building Permits for August in the United States rose 3.9%, Month-over-Month, and 6.0%, Month-over-Month, respectively, both figures beat analysts expectations.
Dollar - Canadian Dollar Analysis
EU Session Analysis for CFD Instruments 22/09/2021
Technical analysis
Time Frame: 1 hour
USDCAD Support & Resistance Table - 22/09/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.2866 | Daily R2 |
Resistance 1 | 1.2832 | Daily R1 |
Support 1 | 1.2744 | Daily S1 |
Support 2 | 1.2711 | Daily S2 |
USDCAD Indicator Table - 22/09/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Neutral |
Stochastic ( 9;6;3) | Sell |
USDCAD Indicator / Period Table - 22/09/2021
Indicator / Period | Day - Buy | Week - Buy | Month - Sell |
MACD( 12;26;9) | Buy | Buy | Sell |
RSI (14) | Neutral | Buy | Neutral |
SMA 20 | Buy | Buy | Sell |
USDCAD 22/09/2021 - Reference Price : 1.2792
Buy |
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