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. 70.91% 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 06/03/2025

Fundamental analysis

06 March, 2025

In European trading, the US Dollar rose against the Canadian Dollar, trading above 1.4300 levels.

The USD/CAD currency pair egged higher as investors were showing concern over future Canadian growth prospects given the ongoing trade conflict with the United States. In Canada, Trade Balance data for January (1.40 bln exp) will be posted (13:30 GMT). In the US, Initial Jobless Claims (234,000 exp) will be posted (13:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/03/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/03/2025

Support & Resistance Level Explanation
Resistance 2 1.4453 Daily R2
Resistance 1 1.4413 Daily R1
Support 1 1.4307 Daily S1
Support 2 1.4267 Daily S2

USDCAD Indicator Table - 06/03/2025

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

USDCAD Indicator / Period Table - 06/03/2025

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

USDCAD 06/03/2025 - Reference Price : 1.4360

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