USDCAD Asia briefing — 2026-08-11

BIAS BEARISH. H4/H1 EMAs aligned downside; RSI neutral (38.68) shows room to test support without oversold extremes. D1 structure neutral but doesn't override the lower-timeframe bearish confluence. KEY LEVELS R: 1.395, 1.4, 1.41292 | S: 1.39244, 1.39, 1.385 NEWS 🟡 NFIB Business Optimism Index (USD) – Tue 10:00 UTC 🟡 ADP Employment Change 4-week avg (USD) – Tue 12:15 UTC 🟡 Redbook Index YoY (USD) – Tue 12:55 UTC SESSION OUTLOOK Watch for USD weakness into these medium-impact releases. Asia volatility typically light; key moves likely pre-NY open when data hits.

Key Levels

R: 1.39500 · 1.40000 · 1.41292

S: 1.39244 · 1.39000 · 1.38500