EURCAD Asia briefing — 2026-08-05

BIAS BULLISH. EMA aligned H4/H1, D1 structure bullish; RSI 69 neutral but not divergent. KEY LEVELS R: 1.6226, 1.625, 1.63 | S: 1.62, 1.615, 1.59935 NEWS 🟡 HCOB Composite PMI (EUR) Wed 08:00 UTC 🟡 Producer Price Index MoM (EUR) Wed 09:00 UTC 🟡 HCOB Services PMI (EUR) Wed 08:00 UTC SESSION OUTLOOK Asia session low liquidity; watch PMI data at 08:00 UTC for volatility. Price near 1.6226 resistance—key test for continuation.

Key Levels

R: 1.62260 · 1.62500 · 1.63000

S: 1.62000 · 1.61500 · 1.59935