During the Asian market session, the US Dollar appreciated against the Canadian Dollar, with its value climbing beyond the 1.3500 threshold.
There are no significant economic reports scheduled for release from Canada today. Meanwhile, the focus shifts to the United States, where the Services Purchasing Managers’ Index (PMI) data is anticipated to be released.
Technical analysis
Time Frame: 1 hour
USDCAD Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.3600 | Daily R2 |
| Resistance 1 | 1.3585 | Daily R1 |
| Support 1 | 1.3543 | Daily S1 |
| Support 2 | 1.3528 | Daily S2 |
USDCAD Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Sell |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Sell |
USDCAD Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| SMA 20 | Buy | Buy | Buy |
USDCAD 03/04/2024 – Reference Price : 1.3568
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (1) |