CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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

US Session Analysis for CFD Instruments 23/04/2025

Fundamental analysis

23 April, 2025

In European trading, the US Dollar fell back against the Canadian Dollar, trading below 1.3900 levels.

The USD/CAD currency pair is declining following this morning’s gains as the US President reined in his criticisms of FED Chair Jerome Powell, which strengthened the dollar in this morning's session. In Canada, New Housing Price Index for March (0.0 last month) will be released (13:30 GMT+1). In the US, Global Manufacturing PMI (49.0 exp) and Global Services PMI for April (52.8 exp) will be posted (14:45 GMT+1) and New Homes Sales data for March (682k exp) will be released (15:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/04/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/04/2025

Support & Resistance Level Explanation
Resistance 2 1.3859 Daily R2
Resistance 1 1.3838 Daily R1
Support 1 1.3780 Daily S1
Support 2 1.3759 Daily S2

USDCAD Indicator Table - 23/04/2025

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 - 23/04/2025

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

USDCAD 23/04/2025 - Reference Price : 1.3814

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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