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 29/04/2025

Fundamental analysis

29 April, 2025

In Asian trading, the US Dollar climbed against the Canadian Dollar, trading above 1.3800 levels.

The USD/CAD currency pair increased following the victory of Mark Carney’s Liberal Party in the federal election as the Prime Minister noted he will soon meet with President Trump to discuss trade and security. In Canada, official Canadian Federal Election results will be revealed. In the US, CB Consumer Confidence for April (87.4 exp) and JOLTS Job Openings for March (7.480 mln exp) will be posted (15:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/04/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/04/2025

Support & Resistance Level Explanation
Resistance 2 1.39182 Daily R2
Resistance 1 1.38969 Daily R1
Support 1 1.38399 Daily S1
Support 2 1.38186 Daily S2

USDCAD Indicator Table - 29/04/2025

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

USDCAD Indicator / Period Table - 29/04/2025

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

USDCAD 29/04/2025 - Reference Price : 1.38684

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