EURCAD Asia briefing — 2026-09-02

BIAS BEARISH. H4 EMA bearish despite neutral RSI and D1; lower timeframe structure supports downside bias into BoC decision. KEY LEVELS R: 1.615, 1.61879, 1.62 | S: 1.61, 1.605, 1.59784 NEWS 🔴 BoC Interest Rate Decision (Wed 13:45 UTC) 🔴 BoC Monetary Policy Statement (Wed 13:45 UTC) 🟡 Labor Productivity QoQ CAD (Wed 12:30 UTC) SESSION OUTLOOK BoC decision is session focal point. Watch reaction at 1.615 resistance; break below 1.61 opens 1.605 target ahead of statement volatility.

Key Levels

R: 1.61500 · 1.61879 · 1.62000

S: 1.61000 · 1.60500 · 1.59784