EURCAD Asia briefing — 2026-05-15

BIAS BEARISH — H4/H1 EMAs aligned downside; RSI 30 confirms weakness despite D1 neutral. KEY LEVELS R: 1.605, 1.61, 1.61513 | S: 1.6, 1.595, 1.59052 NEWS 🟡 Housing Starts YoY (CAD) — Fri 12:15 UTC 🟡 Canadian Portfolio Investment (CAD) — Fri 12:30 UTC 🟡 Foreign Portfolio Investment (CAD) — Fri 12:30 UTC SESSION OUTLOOK ASIA sees low-impact CAD data Friday midday. Shorts favor 1.6 support; watch for reversal if data surprises bullish. PRO UNLOCKS [Entry zones, SL placement, TP clusters, FVG sweep mechanics, liquidity gaps — unlock Pro]

Key Levels

R: 1.60500 · 1.61000 · 1.61513

S: 1.60000 · 1.59500 · 1.59052