USDCAD Asia briefing — 2026-08-04

BIAS BEARISH. H4 EMA bearish, RSI neutral near midpoint, D1 structure neutral—lower timeframe pressure dominates. KEY LEVELS R: 1.405, 1.41, 1.41292 | S: 1.4, 1.39911, 1.395 NEWS 🟡 Exports (CAD) Tue 12:30 UTC 🟡 Imports (CAD) Tue 12:30 UTC 🟡 Merchandise Trade (CAD) Tue 12:30 UTC SESSION OUTLOOK Asia session likely quiet; trade data at European open may spark volatility. Watch 1.405 resistance for rejection confirmation.

Key Levels

R: 1.40500 · 1.41000 · 1.41292

S: 1.40000 · 1.39911 · 1.39500