EURCAD Asia briefing — 2026-08-12

BIAS BEARISH. D1 structure and H1 EMA confirm downside; RSI neutral at 35.56 avoids oversold confirmation, but daily momentum remains intact. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.60113, 1.6 NEWS 🟡 Building Permits (CAD) Wed 12:30 UTC [LOW impact] 🟡 Industrial Production (EUR) Thu 09:00 UTC [MEDIUM impact] SESSION OUTLOOK Asia session likely quiet; watch for consolidation near 1.605 support. CAD data Wednesday may trigger intraday volatility.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60113 · 1.60000