Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 16/04/2025

Fundamental analysis

16 April, 2025

In Asian trading, the US Dollar declined against the Canadian Dollar, trading below 1.4000 levels.

The USD/CAD currency pair fell after posting gains in yesterday’s session, ahead of the Bank of Canada interest rate decision. No change is expected but the markets currently expect two more cuts this year. In Canada, the Bank of Canada interest rate decision (2.75%: no change exp) will be released (14:45 GMT+1). In the US, Retail Sales data for March (1.4% exp) will be released (13:30 GMT+1) and Fed Chair Powell will speak (18:15 GMT+1).

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/04/2025

Support & Resistance	Level	Explanation
Resistance 2	1.40334	Daily R2
Resistance 1	1.39905	Daily R1
Support 1	1.38759	Daily S1
Support 2	1.38330	Daily S2

USDCAD Indicator Table - 16/04/2025

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

USDCAD Indicator / Period Table - 16/04/2025

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

USDCAD 16/04/2025 - Reference Price : 1.39332

Sell

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

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