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 24/06/2025

Fundamental analysis

24 June, 2025

In Asian trading, the US Dollar decreased against the Canadian Dollar, trading below 1.3800 levels.
The USD/CAD traded in negative territory with the safe haven greenback weakening after a reported ceasefire between Iran and Israel came into effect. In Canada, CPI Inflation data for May (1.7% exp) will be released (13:30 GMT+1). In the US, CB Consumer Confidence for June (99.1 exp) and Fed Chair Powell will give testimony to Congress (15:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 24/06/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 24/06/2025

Support & Resistance Level Explanation
Resistance 2 1.37730 Daily R2
Resistance 1 1.37493 Daily R1
Support 1 1.36863 Daily S1
Support 2 1.36626 Daily S2

USDCAD Indicator Table - 24/06/2025

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

USDCAD Indicator / Period Table - 24/06/2025

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

USDCAD 24/06/2025 - Reference Price : 1.37178

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