USDCAD Asia briefing — 2026-08-12

BIAS BEARISH — H4/H1 EMAs aligned downtrend, D1 structure confirms, RSI 35.63 neutral-to-oversold supports continuation lower. KEY LEVELS R: 1.395, 1.40, 1.41292 | S: 1.3916, 1.39, 1.385 NEWS 🔴 CPI MoM (USD) Wed 12:30 UTC — volatility driver 🟡 Building Permits MoM (CAD) Wed 12:30 UTC 🟡 MBA Mortgage Apps Wed 11:00 UTC SESSION OUTLOOK CPI print mid-session could spike USD strength, testing resistance. Watch Asia close for momentum into London overlap.

Key Levels

R: 1.39500 · 1.40000 · 1.41292

S: 1.39160 · 1.39000 · 1.38500