USDCAD Asia briefing — 2026-07-10

BIAS BEARISH. Daily structure confirms downtrend; H1 EMA bearish supports lower levels despite H4 neutrality and RSI mid-range. KEY LEVELS R: 1.42, 1.42486, 1.425 | S: 1.415, 1.41314, 1.41 NEWS 🔴 Net Change in Employment (CAD) – Fri 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) – Fri 12:30 UTC 🟡 Building Permits MoM (CAD) – Fri 12:30 UTC SESSION OUTLOOK Watch employment data Friday noon UTC; strong CAD data risks short-covering rallies to 1.42. Bias favors probes toward 1.415 support on soft prints. PRO UNLOCKS [Exact entries, SL, TP1/TP2

Key Levels

R: 1.42000 · 1.42486 · 1.42500

S: 1.41500 · 1.41314 · 1.41000