EURCAD New York briefing — 2026-10-09

BIAS BEARISH. D1 + H4 + H1 EMA alignment combined with bearish H4 and H1 fair value gaps drive directional conviction. KEY LEVELS R: 1.6, 1.605, 1.6141 | S: 1.595, 1.59075, 1.59 NEWS 🟡 Average Hourly Wages YoY (CAD) — Fri 12:30 UTC 🟡 Net Change Employment (CAD) — Fri 12:30 UTC 🟡 Participation Rate (CAD) — Fri 12:30 UTC SESSION OUTLOOK Canadian labour data at NY open may trigger volatility; watch rejection at 1.6 resistance. Bias favours lower prints if bearish FVG zones hold.

Key Levels

R: 1.60000 · 1.60500 · 1.61410

S: 1.59500 · 1.59075 · 1.59000