USDCAD Asia briefing — 2026-08-17

BIAS BEARISH — H4/H1 EMAs aligned downside; RSI(31) oversold supports continuation lower despite D1 neutrality. KEY LEVELS R: 1.39, 1.395, 1.411 | S: 1.38665, 1.385, 1.38 NEWS 🔴 BoC CPI Core YoY — Mon 12:30 UTC 🟡 BoC CPI Core MoM — Mon 12:30 UTC 🟡 Portfolio Investment — Mon 12:30 UTC SESSION OUTLOOK BoC data drives volatility; weak CPI supports CAD weakness. Watch 1.38665 hold as bias confirmation.

Key Levels

R: 1.39000 · 1.39500 · 1.41100

S: 1.38665 · 1.38500 · 1.38000