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 07/10/2024

Fundamental analysis

07 October, 2024

In European trading, the US Dollar climbed against the Canadian Dollar, trading below 1.3600 levels.

The USD/CAD moved higher to hit a more than two week peak in the European session as the Loonie weakened against the dollar. Yesterday the pair recorded a six week high. In Canada, there are no major data releases today. In the United States, Fed Members Kashkari and Bostic will speak at 18:50 GMT+1 and 23:00 GMT+1 respectively.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3620 Daily R2
Resistance 1 1.3606 Daily R1
Support 1 1.3566 Daily S1
Support 2 1.3552 Daily S2

USDCAD Indicator Table - 07/10/2024

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

USDCAD Indicator / Period Table - 07/10/2024

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

USDCAD 07/10/2024 - Reference Price : 1.3589

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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US Dollar - Canadian Dollar Chart
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