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 16/03/2026

Fundamental analysis

16 March, 2026

In Asian trading, the US Dollar climbed against the Canadian Dollar, trading above 1.3700 levels.
The USD/CAD currency pair rose in the Asian session and remained close to Friday’s ten day high in a week which is expected to see the Bank of Canada keep interest rates on hold at 2.25%. In Canada, Year on year CPI Inflation data for February (2.3% exp) will be released (12:30 GMT). In the US, NY Empire State Manufacturing Index data for March (7.10 last month) will be posted (12:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/03/2026
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/03/2026

Support & Resistance Level Explanation
Resistance 2 1.37709 Daily R2
Resistance 1 1.37480 Daily R1
Support 1 1.36870 Daily S1
Support 2 1.36641 Daily S2

USDCAD Indicator Table - 16/03/2026

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 - 16/03/2026

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

USDCAD 16/03/2026 - Reference Price : 1.37175

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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