CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 07/06/2023

Fundamental analysis

07 June, 2023

During European trading, the US dollar fell against the Canadian dollar. It is trading around 1.3391. The Bank of Canada will make an Interest Rate Decision later today. Markets are expecting rates to remain the same. The United States will report its Trade Balance for April later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/06/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/06/2023

Support & Resistance Level Explanation
Resistance 2 1.3440 Daily R2
Resistance 1 1.3416 Daily R1
Support 1 1.3354 Daily S1
Support 2 1.3331 Daily S2

USDCAD Indicator Table - 07/06/2023

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 - 07/06/2023

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

USDCAD 07/06/2023 - Reference Price : 1.3377

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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