EURCAD Asia briefing — 2026-08-11

BIAS BEARISH. D1 structure bearish; H1 EMA bearish; RSI neutral 36.08 supports downside room without oversold bounce risk yet. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.60063, 1.6 NEWS 🟡 Building Permits MoM (CAD) Wed 12 Aug 12:30 UTC — LOW impact. SESSION OUTLOOK Asia session likely quiet. Watch 1.605 hold; breach signals 1.60063 test. CAD data tomorrow could trigger volatility into London open.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60063 · 1.60000