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 23/01/2026

Fundamental analysis

23 January, 2026

In Asian trading, the US Dollar was flat against the Canadian Dollar, trading above 1.3700 levels.
The USD/CAD currency pair traded close to its opening price in the Asian session following four days of losses with the commodity linked Loonie receiving further support from higher oil prices this week. In Canada, Retail Sales data for November (1.2% exp) will be posted (13:30 GMT). In the US, S&P Global Services for January (52.9 exp) and S&P Global Manufacturing data for January (51.9 exp) will be released (14:45 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/01/2026
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/01/2026

Support & Resistance Level Explanation
Resistance 2 1.38265 Daily R2
Resistance 1 1.38098 Daily R1
Support 1 1.37654 Daily S1
Support 2 1.37487 Daily S2

USDCAD Indicator Table - 23/01/2026

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

USDCAD Indicator / Period Table - 23/01/2026

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell SellSell
SMA 20 Sell SellSell

USDCAD 23/01/2026 - Reference Price : 1.37876

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