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 23/01/2025

Fundamental analysis

23 January, 2025

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

The currency pair continued its upward climb for the third session in a row as the US threat of a 25% tariff on Canadian goods continued to put pressure on the Loonie. In Canada, Retail Sales figures for November (0.2% exp) will be released (13:30 GMT). In the US, Initial Jobless Claims data (221k expected) will be posted (13:30 GMT) and President Trump will hold an online speech at the World Economic Forum (16:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/01/2025

Support & Resistance Level Explanation
Resistance 2 1.44898 Daily R2
Resistance 1 1.44459 Daily R1
Support 1 1.43289 Daily S1
Support 2 1.42850 Daily S2

USDCAD Indicator Table - 23/01/2025

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

USDCAD Indicator / Period Table - 23/01/2025

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

USDCAD 23/01/2025 - Reference Price : 1.43874

Sell
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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