USDCAD Asia briefing — 2026-05-08

BIAS BULLISH. H1 EMA bullish overcomes neutral D1; RSI 66 supports continuation despite overbought risk. KEY LEVELS R: 1.37, 1.375, 1.37984 | S: 1.365, 1.36, 1.35503 NEWS 🔴 Net Change in Employment (CAD) — Fri 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) — Fri 12:30 UTC 🟡 Fed's Cook speech (USD) — Fri 09:45 UTC SESSION OUTLOOK Watch for CAD strength on employment data at 12:30 UTC. Early Asia consolidation likely; USD upside limited until Cook speech. PRO UNLOCKS Entry 1.3665 | SL 1.3630 | TP1 1.3700 | TP2 1

Key Levels

R: 1.37000 · 1.37500 · 1.37984

S: 1.36500 · 1.36000 · 1.35503