EURCAD New York briefing — 2026-09-16

BIAS BULLISH. H1 EMA bullish despite H4 neutral; RSI 54 supports upside. D1 structure neutral—conflicting timeframes suggest caution, but intraday momentum favors buyers. KEY LEVELS R: 1.61, 1.615, 1.61632 | S: 1.605, 1.6, 1.59791 NEWS 🟡 ECB Vujčić speech 12:15 UTC 🔴 Housing Starts YoY 12:15 UTC 🔴 Building Permits MoM 12:30 UTC SESSION OUTLOOK CAD data (Housing/Permits) overlaps ECB speech—volatile 30min window. Watch 1.61 resistance; break above targets 1.615.

Key Levels

R: 1.61000 · 1.61500 · 1.61632

S: 1.60500 · 1.60000 · 1.59791