USDCAD Asia briefing — 2026-07-31

BIAS BEARISH. H4 and H1 EMAs aligned bearish; RSI neutral at 30.69 supports downside bias without oversold extremes. KEY LEVELS R: 1.405, 1.41, 1.41798 | S: 1.4, 1.39911, 1.395 NEWS 🟡 CAD GDP (MoM) — Fri 31 Jul 12:30 UTC 🟡 USD Employment Cost Index — Fri 31 Jul 12:30 UTC 🟡 USD Chicago PMI — Fri 31 Jul 13:45 UTC SESSION OUTLOOK Asia session likely quiet ahead of Friday US data. Watch for dips toward 1.4 support; CAD GDP and US employment data could trigger volatility near session close.

Key Levels

R: 1.40500 · 1.41000 · 1.41798

S: 1.40000 · 1.39911 · 1.39500