EURCAD New York briefing — 2026-10-23

BIAS BEARISH. D1 + H4 + H1 trend alignment, bearish fair-value gaps across H4/H1 timeframes, and RSI deep oversold at 20.61 drive directional conviction downward. KEY LEVELS R: 1.57, 1.575, 1.6141 | S: 1.5669, 1.565, 1.56 NEWS 🟡 CAD Retail Sales (MoM) — Fri 12:30 UTC 🟡 CAD Retail Sales ex Autos — Fri 12:30 UTC 🟡 ECB Cipollone speech — Fri 14:00 UTC SESSION OUTLOOK CAD data at 12:30 UTC may trigger volatility; watch support hold near 1.5669. Cipollone remarks later add EUR uncertainty.

Key Levels

R: 1.57000 · 1.57500 · 1.61410

S: 1.56690 · 1.56500 · 1.56000