Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 31/01/2025

Fundamental analysis

31 January, 2025

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

The currency pair has been on the rise since this morning’s announcement by Trump that tariffs will be implemented on Canada. In Canada, GDP for November (-0.1% exp) will be posted this afternoon (13:30 GMT). In the US, Core PCE Price Index figures for December (2.8% exp) will be posted (13:30 GMT).

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 31/01/2025

Support & Resistance	Level	Explanation
Resistance 2	1.4555	Daily R2
Resistance 1	1.4526	Daily R1
Support 1	1.4450	Daily S1
Support 2	1.4421	Daily S2

USDCAD Indicator Table - 31/01/2025

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 - 31/01/2025

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

USDCAD 31/01/2025 - Reference Price : 1.4492

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (0)

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