EURCAD Asia briefing — 2026-08-07

BIAS BULLISH — D1 structure supports upside despite neutral H4/H1 EMAs and mid-range RSI(14) at 38.1; daily bullish bias outweighs intraday chop. KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.59935 NEWS 🔴 NET CHANGE IN EMPLOYMENT (CAD) — Fri 12:30 UTC 🟡 AVERAGE HOURLY WAGES YoY (CAD) — Fri 12:30 UTC SESSION OUTLOOK CAD jobs data drops mid-Asia; volatility likely near release. Watch 1.615 resistance for rejection or breakout confirmation into Asian close.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59935