EURCAD New York briefing — 2026-11-05

BIAS NEUTRAL. H4 fair value gaps bullish while H1 gaps bearish; trend vote shows no clear lean across timeframes. KEY LEVELS R: 1.57, 1.575, 1.60237 | S: 1.565, 1.56, 1.55536 NEWS 🔴 BoC Macklem speech 15:30 UTC 🔴 ECB Lagarde speech 16:00 UTC 🟡 ECB Lane speech 15:40 UTC SESSION OUTLOOK Twin central bank speeches create volatility risk around 15:30–16:00 UTC. Watch CAD reaction to Macklem first; Lagarde follows immediately after.

Key Levels

R: 1.57000 · 1.57500 · 1.60237

S: 1.56500 · 1.56000 · 1.55536