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 08/01/2026

Fundamental analysis

08 January, 2026

In Asian trading, the US Dollar increased against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD climbed to a more than one month high in the Asian session with the pair posting its fifth day of gains as the commodity linked Loonie remains under pressure due to falling oil prices. In Canada, Trade Balance data for October (-1.50 bln exp) will be released (13:30 GMT). In the US, Initial Jobless Claims data (216,000 exp) will be posted (13:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 08/01/2026
Time Frame: 1 hour

USDCAD Support & Resistance Table - 08/01/2026

Support & Resistance Level Explanation
Resistance 2 1.39067 Daily R2
Resistance 1 1.38911 Daily R1
Support 1 1.38497 Daily S1
Support 2 1.38341 Daily S2

USDCAD Indicator Table - 08/01/2026

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

USDCAD Indicator / Period Table - 08/01/2026

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

USDCAD 08/01/2026 - Reference Price : 1.38704

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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