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 13/01/2025

Fundamental analysis

13 January, 2025

In European trading, the US Dollar climbed against the Canadian Dollar, trading above 1.4430 levels.

The currency pair continued its general upside movement after recent short-term dips, following strong US Nonfarm Payrolls data on Friday amid speculation as to the extent of US tariffs on Canada when the Trump administration assumes office. In Canada Unemployment Rate for December (6.9% exp) will be released (13:30 GMT). In the US, Consumer Inflation Expectations for December (3% last month) will be released (16:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 13/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 13/01/2025

Support & Resistance Level Explanation
Resistance 2 1.4491 Daily R2
Resistance 1 1.4466 Daily R1
Support 1 1.4400 Daily S1
Support 2 1.4375 Daily S2

USDCAD Indicator Table - 13/01/2025

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

USDCAD Indicator / Period Table - 13/01/2025

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

USDCAD 13/01/2025 - Reference Price : 1.4439

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Canadian Dollar Chart
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