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. 73.43% 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 17/01/2025

Fundamental analysis

17 January, 2025

In European trading, the US Dollar climbed against the Canadian Dollar, trading above 1.4400 levels.

The currency pair extended its rally as concerns continued about the impact on the Canadian economy of potential tariffs from the incoming Trump administration. In Canada, Foreign Securities Purchases data for November (21.55 bln last month) will be released (13:30 GMT). In the US, Housing Starts data for December (-1.8% last month) and Industrial Production data for December (0.3% expected) will be released at 13:30 GMT and 14:15 GMT respectively.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 17/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 17/01/2025

Support & Resistance Level Explanation
Resistance 2 1.4460 Daily R2
Resistance 1 1.4438 Daily R1
Support 1 1.4376 Daily S1
Support 2 1.4354 Daily S2

USDCAD Indicator Table - 17/01/2025

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

USDCAD Indicator / Period Table - 17/01/2025

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

USDCAD 17/01/2025 - Reference Price : 1.4410

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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