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

EU Session Analysis for CFD Instruments 08/04/2025

Fundamental analysis

08 April, 2025

In Asian trading, the US Dollar edged lower against the Canadian Dollar, trading below 1.4200 levels.

The USD/CAD currency pair weakened breaking a two day winning streak after the Loonie benefitted from Canada managing to avoid new US tariffs last week, although most of Canada’s trading partners will face the impact of those tariffs. In Canada, Ivey PMI for March (53.2 exp) will be released (15:00 GMT+1). In the US, Fed member Daly will speak (21:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 08/04/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 08/04/2025

Support & Resistance Level Explanation
Resistance 2 1.42768 Daily R2
Resistance 1 1.42281 Daily R1
Support 1 1.40979 Daily S1
Support 2 1.40492 Daily S2

USDCAD Indicator Table - 08/04/2025

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

USDCAD Indicator / Period Table - 08/04/2025

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellSell
SMA 20 Sell SellSell

USDCAD 08/04/2025 - Reference Price : 1.41630

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