CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 04/09/2025

Fundamental analysis

04 September, 2025

In Asian trading, the US Dollar rose against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD pair climbed as the commodity linked Loonie remained under pressure largely due to weaker oil prices following reports that OPEC is likely to unwind production cuts this weekend. In Canada, Trade Balance data for July (-5.20 bln exp) will be posted (13:30 GMT+1). In the US, ADP Nonfarm Employment Change for August (73k exp) and Initial Jobless Claims (230k exp) will be released at 13:15 and 13:30 GMT +1 respectively. US Services PMI for August (55.4 exp) will be posted (14:45 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 04/09/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 04/09/2025

Support & Resistance Level Explanation
Resistance 2 1.38381 Daily R2
Resistance 1 1.38248 Daily R1
Support 1 1.37892 Daily S1
Support 2 1.37759 Daily S2

USDCAD Indicator Table - 04/09/2025

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 - 04/09/2025

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

USDCAD 04/09/2025 - Reference Price : 1.38070

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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