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 16/05/2025

Fundamental analysis

16 May, 2025

In Asian trading, the US Dollar fell against the Canadian Dollar, trading below 1.4000 levels.
The USD/CAD currency pair pulled back in the Asian session as weaker than expected US data fuled speculation that the Fed will resume cutting interest rates in the coming months. In Canada, Foreign Securities Purchases for March (5.20 bln exp) will be released (13:30 GMT+1). In the US, Building Permits for April (1.45.0 mln exp) will be posted (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/05/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3989 Daily R2
Resistance 1 1.3967 Daily R1
Support 1 1.3908 Daily S1
Support 2 1.3886 Daily S2

USDCAD Indicator Table - 16/05/2025

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

USDCAD Indicator / Period Table - 16/05/2025

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

USDCAD 16/05/2025 - Reference Price : 1.3938

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