CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 28/03/2024

Fundamental analysis

28 March, 2024

In Asian trading, the US Dollar rose against the Canadian Dollar, trading above 1.3500 levels.

Canada is set to release their Month on Month GDP data today. Today, it is expected that the United States will unveil the ultimate Q4 2023 GDP data.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 28/03/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 28/03/2024

Support & Resistance Level Explanation
Resistance 2 1.3625 Daily R2
Resistance 1 1.3606 Daily R1
Support 1 1.3558 Daily S1
Support 2 1.3539 Daily S2

USDCAD Indicator Table - 28/03/2024

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

USDCAD Indicator / Period Table - 28/03/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy NeutralNeutral
SMA 20 Buy BuyBuy

USDCAD 28/03/2024 - Reference Price : 1.3584

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