EURCAD New York briefing — 2026-08-06

BIAS BULLISH — D1 structure bullish; H4 EMA confirms uptrend. H1 neutral and RSI 41.86 show short-term consolidation, not reversal risk. KEY LEVELS R: 1.62, 1.62498, 1.625 | S: 1.615, 1.61, 1.59935 NEWS 🔴 Net Change in Employment (CAD) — Fri 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) — Fri 12:30 UTC SESSION OUTLOOK CAD employment data Friday could spark volatility. Watch 1.62 resistance; holds suggest continuation higher. Break below 1.615 tests support structure.

Key Levels

R: 1.62000 · 1.62498 · 1.62500

S: 1.61500 · 1.61000 · 1.59935