USDCAD Asia briefing — 2026-06-04

BIAS BULLISH — EMA H4/H1 aligned uptrend, D1 structure bullish, but RSI 78.56 signals overbought risk; momentum intact yet vulnerable to pullback. KEY LEVELS R: 1.38997, 1.39, 1.395 | S: 1.385, 1.38, 1.37329 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Watch for consolidation near resistance ahead of US data. Overbought RSI may trigger profit-taking; support 1.385 critical if sellers emerge. PRO UNLOCKS Entry, SL, TP1/TP2, FVG zones, liquidity swe

Key Levels

R: 1.38997 · 1.39000 · 1.39500

S: 1.38500 · 1.38000 · 1.37329