CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 22/01/2025

Fundamental analysis

22 January, 2025

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

The volatile currency pair found some dip buyers in the Asian session after falling to a two week low yesterday amid President Trump’s threat to impose 25% tariffs on Canada. In Canada, RMPI data for December (0.4% exp) will be released (13:30 GMT). In the US, Leading Index data for December (-0.1% expected) will be posted (15:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 22/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 22/01/2025

Support & Resistance Level Explanation
Resistance 2 1.44434 Daily R2
Resistance 1 1.44019 Daily R1
Support 1 1.42911 Daily S1
Support 2 1.42496 Daily S2

USDCAD Indicator Table - 22/01/2025

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

USDCAD Indicator / Period Table - 22/01/2025

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

USDCAD 22/01/2025 - Reference Price : 1.43465

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