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. 73.43% 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 04/01/2023

Fundamental analysis

04 January, 2023

The USD/CAD pair was sharply lower today. The USD/CAD pair is currently trading at 1.3546. Canada has no economic events scheduled to report. The United States Federal Reserve will release FOMC meeting minutes tonight, while ISM Manufacturing PMI for December and JOLTs Job Openings for November will be reported later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 04/01/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 04/01/2023

Support & Resistance Level Explanation
Resistance 2 1.3628 Daily R2
Resistance 1 1.3594 Daily R1
Support 1 1.3505 Daily S1
Support 2 1.3471 Daily S2

USDCAD Indicator Table - 04/01/2023

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

USDCAD Indicator / Period Table - 04/01/2023

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

USDCAD 04/01/2023 - Reference Price : 1.3545

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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