Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 24/03/2025

Fundamental analysis

24 March, 2025

In Asian trading, the US Dollar was broadly unchanged against the Canadian Dollar, trading below 1.4400 levels.

The USD/CAD currency began the week on a slightly softer note amid some selling of the US dollar in the Asian session, likely due to expectations that the Fed may cut interest rates twice more this year. In Canada, there are no scheduled data releases today. In the US, Manufacturing PMI for March (52.7 last month) and Services PMI for March (51 last month) will be released (13:45 GMT).

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 24/03/2025

Support & Resistance	Level	Explanation
Resistance 2	1.43891	Daily R2
Resistance 1	1.43671	Daily R1
Support 1	1.43087	Daily S1
Support 2	1.42867	Daily S2

USDCAD Indicator Table - 24/03/2025

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

USDCAD Indicator / Period Table - 24/03/2025

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

USDCAD 24/03/2025 - Reference Price : 1.43379

Sell

Simple Moving Average	Buy (1)	Sell (2)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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