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 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 28/01/2025

Fundamental analysis

28 January, 2025

In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.4400 levels.
The currency pair has been increasing since this morning’s session following increased fears of US tariffs towards Canada and ahead of the new expected rate cut from the Bank of Canada on January 29th. In Canada, there are no major data releases today. In the US, Core Durable Goods Orders for December (0.1% expected) will be posted (13:30 GMT) and CB Consumer Confidence for January (105.9 exp) will be posted (15:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 28/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 28/01/2025

Support & Resistance Level Explanation
Resistance 2 1.4486 Daily R2
Resistance 1 1.4453 Daily R1
Support 1 1.4363 Daily S1
Support 2 1.4330 Daily S2

USDCAD Indicator Table - 28/01/2025

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

USDCAD Indicator / Period Table - 28/01/2025

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

USDCAD 28/01/2025 - Reference Price : 1.4410

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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