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 02/04/2025

Fundamental analysis

02 April, 2025

In European trading, the US Dollar retreated against the Canadian Dollar, trading below 1.4340 levels.

The USD/CAD currency pair has fallen ahead of the final tariff decision by the US administration today and as the Canadian PM outlined a tariff response by the Canadian government. In Canada, there are no major data releases today. In the US, ADP for March (118k exp) will be posted (13:15 GMT+1) and President Trump will speak (on reciprocal tariffs etc) at (20:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 02/04/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 02/04/2025

Support & Resistance Level Explanation
Resistance 2 1.4372 Daily R2
Resistance 1 1.4346 Daily R1
Support 1 1.4276 Daily S1
Support 2 1.4252 Daily S2

USDCAD Indicator Table - 02/04/2025

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

USDCAD Indicator / Period Table - 02/04/2025

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

USDCAD 02/04/2025 - Reference Price : 1.4313

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