USDCAD Asia briefing — 2026-05-12

BIAS BULLISH — H1 EMA bullish despite H4 neutral; D1 structure neutral confirms hierarchy supports upside bias via hourly momentum. KEY LEVELS R: 1.37, 1.37141, 1.375 | S: 1.365, 1.36, 1.35503 NEWS 🟡 Fed's Williams speech — 07:15 UTC 🟡 ADP Employment Change — 12:15 UTC 🟡 NFIB Business Optimism — 10:00 UTC SESSION OUTLOOK Watch 1.37 resistance during Asia close; USD strength from Williams could accelerate bullish momentum into London open. ADP data midday may trigger volatility. PRO UNLOCKS Entry 1.3685, SL 1.3650, TP1 1.3700, TP2 1.3714, FVG 1.3675–

Key Levels

R: 1.37000 · 1.37141 · 1.37500

S: 1.36500 · 1.36000 · 1.35503