Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 03/02/2025

Fundamental analysis

03 February, 2025

In Asian trading, the US Dollar fell against the Canadian Dollar, trading below 1.4750 levels.

The USD/CAD is down this morning as some profit taking took place due to rising prices over the weekend, following Donald Trump’s declaration of 25% tariffs on all imports from Canada, which caused Canada to retaliate as well with the same 25% tariffs on all US imports, and started a trade war between these two countries. In Canada, Manufacturing PMI figures for January will be posted (14:30 GMT). In the US, Manufacturing PMI figures for January (50.1 exp) will be posted (14:45 GMT).

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 03/02/2025

Support & Resistance	Level	Explanation
Resistance 2	1.47894	Daily R2
Resistance 1	1.47535	Daily R1
Support 1	1.46575	Daily S1
Support 2	1.46216	Daily S2

USDCAD Indicator Table - 03/02/2025

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 - 03/02/2025

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

USDCAD 03/02/2025 - Reference Price : 1.47055

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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