USDCAD Asia briefing — 2026-08-06

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI 36 neutral but not conflicting. Daily structure bullish creates caution—watch for reversal rejection. KEY LEVELS R: 1.405, 1.41, 1.41292 | S: 1.4, 1.39911, 1.395 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Asia stays quiet; US labor data Thu morning may trigger volatility. Watch if bears hold below 1.405 or if daily structure pulls price higher.

Key Levels

R: 1.40500 · 1.41000 · 1.41292

S: 1.40000 · 1.39911 · 1.39500