EURCAD New York briefing — 2026-11-02

BIAS BEARISH. Daily structure and H4 EMA confluence override neutral RSI and bullish intraday gaps. KEY LEVELS R: 1.57, 1.575, 1.60712 | S: 1.565, 1.56, 1.55536 NEWS 🟡 S&P Global Manufacturing PMI (CAD) – Mon 14:30 UTC 🟡 ECB Escrivá speech (EUR) – Mon 15:00 UTC 🔴 BoC Governor Macklem speech (CAD) – Tue 16:00 UTC SESSION OUTLOOK Watch 1.57 resistance; manufacturing data may spark CAD volatility. Macklem comments tomorrow carry higher conviction for directional moves.

Key Levels

R: 1.57000 · 1.57500 · 1.60712

S: 1.56500 · 1.56000 · 1.55536