USDCAD Asia briefing — 2026-05-05

BIAS BEARISH. H4 EMA bearish dominates neutral D1; RSI neutral supports continuation lower on fresh selling. KEY LEVELS R: 1.365, 1.37, 1.37984 | S: 1.36, 1.35503, 1.355 NEWS 🟡 CAD Exports 12:30 UTC | 🟡 CAD Imports 12:30 UTC | 🟡 Merchandise Trade 12:30 UTC SESSION OUTLOOK Asia opens into CAD data risk; watch 1.36 hold for downside momentum. Weak exports could extend selling toward 1.355. PRO UNLOCKS Entry 1.3615 | SL 1.3665 | TP1 1.3550 | TP2 1.3505 | FVG 1.3570–1.3595 | Liquidity sweep

Key Levels

R: 1.36500 · 1.37000 · 1.37984

S: 1.36000 · 1.35503 · 1.35500