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 20/01/2025

Fundamental analysis

20 January, 2025

In European trading, the US Dollar fell against the Canadian Dollar, trading below 1.4480 levels.

The currency pair retreated after reaching its highest level since March 2020 earlier today, ahead of Donald Trump’s inauguration amid worries over his new administration’s trade policy. In Canada, the Bank of Canada Business Outlook Survey will be released (11:00 GMT). In the US, there are no data releases today due to the fact that it's a public holiday.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 20/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 20/01/2025

Support & Resistance Level Explanation
Resistance 2 1.4518 Daily R2
Resistance 1 1.4493 Daily R1
Support 1 1.4427 Daily S1
Support 2 1.4402 Daily S2

USDCAD Indicator Table - 20/01/2025

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

USDCAD Indicator / Period Table - 20/01/2025

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

USDCAD 20/01/2025 - Reference Price : 1.4468

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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