EURCAD New York briefing — 2026-08-12

BIAS BEARISH. D1 structure bearish; H1 EMA bearish confirms. RSI(14) neutral at 38.54 prevents aggressive conviction, but price rejection below 1.61 supports downside bias. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.60113, 1.6 NEWS 🟡 Industrial Production s.a. (EUR) Thu 09:00 UTC 🟡 Industrial Production w.d.a. (EUR) Thu 09:00 UTC SESSION OUTLOOK NY session opens into support cluster 1.605–1.6. Watch if Industrial Production tomorrow (early UTC) triggers repricing overnight. Bias holds if 1.61 resistance holds.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60113 · 1.60000