CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 23/12/2024

Fundamental analysis

23 December, 2024

In Asian trading, the US Dollar rose against the Canadian Dollar, trading above 1.4300 levels.

The pair inched upwards in the Asian session breaking away from two trading days of losses on Thursday and Friday as much of Canada is focussed on whether or when PM Trudeau may resign. In Canada, GDP data for October (0.1% exp) will be posted (13:30 GMT). In the US, CB Consumer Confidence for December (113% exp) will be released (15:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/12/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/12/2024

Support & Resistance Level Explanation
Resistance 2 1.44379 Daily R2
Resistance 1 1.44060 Daily R1
Support 1 1.43212 Daily S1
Support 2 1.42893 Daily S2

USDCAD Indicator Table - 23/12/2024

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

USDCAD Indicator / Period Table - 23/12/2024

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

USDCAD 23/12/2024 - Reference Price : 1.43636

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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