USDCAD Asia briefing — 2026-06-01

BIAS BEARISH. H1 EMA bearish diverges against neutral H4; D1 neutral elevates H1 signal via hierarchy. KEY LEVELS R: 1.38, 1.385, 1.38698 | S: 1.375, 1.37, 1.36847 NEWS 🔴 Powell speech Mon 01 Jun 00:30 UTC | 🟡 CAD PMI Mon 01 Jun 13:30 UTC | 🟡 USD PMI Mon 01 Jun 13:45 UTC SESSION OUTLOOK Powell speech triggers USD volatility early; watch CAD PMI paired against USD PMI for directional conviction. Downside bias intact if support holds. PRO UNLOCKS Entry 1.3798, SL 1.3865, TP1 1.375, TP2 1.3685, FVG 1.378–

Key Levels

R: 1.38000 · 1.38500 · 1.38698

S: 1.37500 · 1.37000 · 1.36847