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. 70.41% 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 20/03/2025

Fundamental analysis

20 March, 2025

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

The USD/CAD currency edged higher after the Fed held rates steady at 5.5% as expected late in yesterday’s session and ahead of an important speech by the Bank of Canada governor who is expected to address tariff related uncertainty. In Canada, Bank of Canada Governor Macklem will speak (16.50 GMT). In the US, Initial Jobless Claims (224k exp) and Philadelphia Fed Manufacturing data for March (8.8 exp) will be released (12:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 20/03/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 20/03/2025

Support & Resistance Level Explanation
Resistance 2 1.43931 Daily R2
Resistance 1 1.43693 Daily R1
Support 1 1.43059 Daily S1
Support 2 1.42821 Daily S2

USDCAD Indicator Table - 20/03/2025

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

USDCAD Indicator / Period Table - 20/03/2025

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

USDCAD 20/03/2025 - Reference Price : 1.43376

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