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 09/05/2025

Fundamental analysis

09 May, 2025

In Asian trading, the US Dollar climbed declined the Canadian Dollar, trading below 1.4000 levels.
The USD/CAD currency pair tested a three week high early in the session only to fall as the greenback found fresh support as traders continued to consider Wednesday hawkish pause by the Fed and its implications for future Fed moves. In Canada, Unemployment Rate data for April (6.8% exp) will be posted (13:30 GMT+1). In the US, Fed Members Williams and Waller will speak at 13:30 GMT+1 and 16:30 GMT+1 respectively.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 09/05/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 09/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3977 Daily R2
Resistance 1 1.3952 Daily R1
Support 1 1.3884 Daily S1
Support 2 1.3859 Daily S2

USDCAD Indicator Table - 09/05/2025

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

USDCAD Indicator / Period Table - 09/05/2025

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

USDCAD 09/05/2025 - Reference Price : 1.3917

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