Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 24/04/2025

Fundamental analysis

24 April, 2025

In Asian trading, the US Dollar edged lower against the Canadian Dollar, trading below 1.3900 levels.

The USD/CAD currency pair weakened in the Asian session after a US report pointed to deteriorating economic conditions and after President Trump suggested that 25% tariffs on Canadian auto imports could be increased. In Canada, New Housing Price Index for March (0.0 last month) will be released (13:30 GMT+1). In the US, Durable Goods Orders for March (2.1% exp) and Initial Jobless Claims (222k exp) will be posted (13:30 GMT+1) and ExistingHomes Sales data for March (4.14 mln exp) will be released (15:00 GMT+1).

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 24/04/2025

Support & Resistance	Level	Explanation
Resistance 2	1.39175	Daily R2
Resistance 1	1.38959	Daily R1
Support 1	1.38383	Daily S1
Support 2	1.38167	Daily S2

USDCAD Indicator Table - 24/04/2025

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

USDCAD Indicator / Period Table - 24/04/2025

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

USDCAD 24/04/2025 - Reference Price : 1.38671

Buy

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

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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