EURCAD Asia briefing — 2026-08-20

BIAS BULLISH. D1 structure intact; H1 EMA bullish despite H4 neutrality and RSI overbought at 66.81—daily bias dominates. KEY LEVELS R: 1.62498, 1.62, 1.615 | S: 1.61, 1.605, 1.59784 NEWS 🟡 EUR Construction Output (MoM/YoY) Thu 09:00 UTC 🟡 CAD Employment Insurance Change Thu 12:30 UTC SESSION OUTLOOK Asia opens near resistance 1.615. Watch EUR data reaction; weak construction figures could trigger pullback toward 1.61 support. CAD data later provides secondary volatility trigger.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59784