EURCAD New York briefing — 2026-09-04

BIAS BEARISH. D1 structure confirms downside; H4 EMA bearish supports it. H1 neutral divergence warns of potential pullback, but daily bias dominates. KEY LEVELS R: 1.61, 1.615, 1.61879 | S: 1.605, 1.6, 1.59784 NEWS 🟡 Ivey PMI (CAD) — Fri 14:00 UTC 🟡 Ivey PMI s.a (CAD) — Fri 14:00 UTC 🔵 CFTC EUR NC Positions — Fri 19:30 UTC SESSION OUTLOOK Ivey data may spark CAD volatility mid-session. Watch 1.61 resistance for rejection confirmation; breach threatens bearish setup.

Key Levels

R: 1.61000 · 1.61500 · 1.61879

S: 1.60500 · 1.60000 · 1.59784