CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 70.88% 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 06/01/2026

Fundamental analysis

06 January, 2026

In Asian trading, the US Dollar declined against the Canadian Dollar, trading below 1.3800 levels.
The USD/CAD fell slightly in the Asian session with the pair responding to the prospect of renewed US access to Venezuela’s oil reserves, putting pressure on Canada, due to its status of being the largest oil supplier to the US market. In Canada, Services PMI data for December (44.30 last month) will be released (14:30 GMT). In the US, S&P Global Services PMI data for December (52.9 exp) will be posted (14:45 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/01/2026
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/01/2026

Support & Resistance Level Explanation
Resistance 2 1.37837 Daily R2
Resistance 1 1.37722 Daily R1
Support 1 1.37416 Daily S1
Support 2 1.37301 Daily S2

USDCAD Indicator Table - 06/01/2026

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

USDCAD Indicator / Period Table - 06/01/2026

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

USDCAD 06/01/2026 - Reference Price : 1.37569

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