EURCAD New York briefing — 2026-08-07

BIAS NEUTRAL — H4/H1 EMAs diverge (H4 neutral, H1 bearish), D1 bullish structure conflicts with RSI 35.58 showing no directional conviction. KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.59935 NEWS 🟡 Ivey PMI (CAD) — Fri 14:00 UTC 🟡 Ivey PMI s.a (CAD) — Fri 14:00 UTC 🔵 CFTC EUR NC Net Positions — Fri 19:30 UTC SESSION OUTLOOK Ivey data could trigger CAD volatility mid-session. Watch 1.615 rejection or acceptance to clarify direction into New York close.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59935