EURCAD New York briefing — 2026-10-16

BIAS BEARISH. D1 structure, H4 EMA, and H1 trend confluence with H4 fair value gaps override neutral RSI and H1 bullish FVGs. KEY LEVELS R: 1.595, 1.6, 1.6141 | S: 1.59, 1.58629, 1.585 NEWS 🟡 Housing Starts YoY (CAD) Fri 12:15 UTC 🟡 Canadian Portfolio Investment (CAD) Fri 12:30 UTC 🟡 Foreign Portfolio Investment (CAD) Fri 12:30 UTC SESSION OUTLOOK NY session tests support holds as low-impact CAD data releases filter through. Watch 1.59 for breakdown conviction.

Key Levels

R: 1.59500 · 1.60000 · 1.61410

S: 1.59000 · 1.58629 · 1.58500