Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 21/02/2025

Fundamental analysis

21 February, 2025

In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.4100 levels.

The USD/CAD currency pair inched higher in the European trading session, following higher than expected inflation coming out of Canada and a reduced chance that the Bank of Canada will cut interest rates in their next meeting. In Canada, Retail Sales data for January (1.6% exp) will be released (13:30 GMT). In the US, Manufacturing and Services PMI for February (51.3 and 53 respectively expected) will be released (14:45 GMT), Existing Homes Sales for January (4.13M exp) will be posted (15:00 GMT).

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 21/02/2025

Support & Resistance	Level	Explanation
Resistance 2	1.4232	Daily R2
Resistance 1	1.4215	Daily R1
Support 1	1.4173	Daily S1
Support 2	1.4156	Daily S2

USDCAD Indicator Table - 21/02/2025

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

USDCAD Indicator / Period Table - 21/02/2025

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Sell	Buy	Buy

USDCAD 21/02/2025 - Reference Price : 1.4197

Buy

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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