USDCAD Asia briefing — 2026-08-07

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; RSI 41.74 neutral but price below midpoint supports continuation lower. KEY LEVELS R: 1.405, 1.41, 1.41292 | S: 1.4, 1.39906, 1.395 NEWS 🔴 Net Change in Employment (CAD) — Fri 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) — Fri 12:30 UTC 🟡 Participation Rate (CAD) — Fri 12:30 UTC SESSION OUTLOOK Strong Canadian labour data Friday could shift momentum. Watch 1.4 support; break below targets 1.395. Resistance cluster 1.405–1.41 caps upside.

Key Levels

R: 1.40500 · 1.41000 · 1.41292

S: 1.40000 · 1.39906 · 1.39500