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 11/12/2024

Fundamental analysis

11 December, 2024

In Asian trading, the US Dollar increased against the Canadian Dollar, trading above 1.4100 levels.

The USD/CAD climbed again closing in on another four year high hit yesterday as speculation continues that the Bank of Canada may order a larger rate cut of 50 basis points today. In Canada the Bank of Canada will meet (3.25% exp) to set interest rates (14:45 GMT). In the US, CPI Inflation data (2.7% exp) will be released (13:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 11/12/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 11/12/2024

Support & Resistance Level Explanation
Resistance 2 1.42130 Daily R2
Resistance 1 1.41910 Daily R1
Support 1 1.41324 Daily S1
Support 2 1.41104 Daily S2

USDCAD Indicator Table - 11/12/2024

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 - 11/12/2024

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

USDCAD 11/12/2024 - Reference Price : 1.41617

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
US Dollar - Canadian Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now