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 31/07/2025

Fundamental analysis

31 July, 2025

In Asian trading, the US Dollar declined against the Canadian Dollar, trading below 1.3900 levels.
The USD/CAD fell in the Asian session after the Bank of Canada met yesterday and kept rates unchanged at 2.75%, with Governor Macklem outlining that there may be further rate cuts in the pipeline. In Canada, the Bank of Canada Interest Rate decision (2.75% exp) will be released (14:45 GMT+1). In Canada, GDP data for June (-0.1% previous) will be posted (13:31 GMT+1). In the US, Core PCE Price Index data for June (2.7% expected) and Initial Jobless Claims (222k exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 31/07/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 31/07/2025

Support & Resistance Level Explanation
Resistance 2 1.38650 Daily R2
Resistance 1 1.38441 Daily R1
Support 1 1.37883 Daily S1
Support 2 1.37674 Daily S2

USDCAD Indicator Table - 31/07/2025

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

USDCAD Indicator / Period Table - 31/07/2025

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

USDCAD 31/07/2025 - Reference Price : 1.38162

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