USDCAD Asia briefing — 2026-08-05

BIAS BEARISH — RSI neutral at 62.99, but H1/H4 EMA divergence and daily structure support downside bias. KEY LEVELS R: 1.41292, 1.415 | S: 1.405, 1.4, 1.39911 NEWS 🔴 ADP Employment Change — Wed 12:15 UTC 🟡 S&P Global Composite PMI — Wed 13:45 UTC 🔴 MBA Mortgage Applications — Wed 11:00 UTC SESSION OUTLOOK ADP and PMI arrive mid-Asia; watch USD reaction for confirmation or pullback into resistance. Watch 1.405 hold.

Key Levels

R: 1.41000 · 1.41292 · 1.41500

S: 1.40500 · 1.40000 · 1.39911