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 16/01/2026

Fundamental analysis

16 January, 2026

In Asian trading, the US Dollar edged higher against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD rose slightly in the Asian session as the commodity linked Loonie came under slight pressure following the recent pullback in oil prices. In Canada, Foreign Securities Purchases for November (24.61 bln exp) will be released (13:30 GMT). In the US, Industrial Production data for January (0.1% expected) will be released (14:15 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/01/2026
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/01/2026

Support & Resistance Level Explanation
Resistance 2 1.39236 Daily R2
Resistance 1 1.39104 Daily R1
Support 1 1.38752 Daily S1
Support 2 1.38620 Daily S2

USDCAD Indicator Table - 16/01/2026

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 - 16/01/2026

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

USDCAD 16/01/2026 - Reference Price : 1.38928

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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