USDCAD Asia briefing — 2026-05-22

BIAS BULLISH — EMA H4/H1 aligned bullish; D1 structure confirms uptrend; RSI 60.83 supports momentum. KEY LEVELS R: 1.38, 1.38004, 1.385 | S: 1.375, 1.37, 1.35729 NEWS 🟡 Waller speech (USD) — Fri 08:00 UTC [MEDIUM] 🟡 Employment Insurance (CAD) — Fri 12:30 UTC [LOW] 🟡 Industrial Product Price (CAD) — Fri 12:30 UTC [LOW] SESSION OUTLOOK Waller speech arrives mid-Asia; watch for USD volatility. CAD data follows in afternoon—domestic weakness could extend USD strength to 1.38. PRO UNLOCKS Entry 1.378 | SL 1.3745 | TP1 1

Key Levels

R: 1.38000 · 1.38004 · 1.38500

S: 1.37500 · 1.37000 · 1.35729