USDCAD Asia briefing — 2026-07-16

BIAS NEUTRAL — RSI deeply oversold (22.85) signals reversal potential, but bearish H4/H1/D1 structure prevents confirmation. Mixed signal. KEY LEVELS R: 1.405, 1.41, 1.42463 | S: 1.4024, 1.40, 1.395 NEWS 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC 🟡 Housing Starts YoY (CAD) Thu 12:15 UTC SESSION OUTLOOK Monitor US claims data for USD reaction. Oversold bounce possible into 1.405 resistance; watch if bearish structure holds breaks below 1.4024. PRO UNLOCKS Entry, SL, TP zones, FVG liquidity sweeps — unlock with Pro subscription.

Key Levels

R: 1.40500 · 1.41000 · 1.42463

S: 1.40240 · 1.40000 · 1.39500