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

Dollar - Canadian Dollar Analysis Technical analysis 03/04/2024

Time Frame: 1 hour

USDCAD Support & Resistance Table – 03/04/2024

Support & ResistanceLevelExplanation
Resistance 21.3600Daily R2
Resistance 11.3585Daily R1
Support 11.3543Daily S1
Support 21.3528Daily S2

USDCAD Indicator Table – 03/04/2024

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

USDCAD Indicator / Period Table – 03/04/2024

Indicator / PeriodDay – BuyWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)BuyNeutralNeutral
SMA 20BuyBuyBuy

USDCAD 03/04/2024 – Reference Price : 1.3568

BUYSimple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (1)
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