USDCAD Asia briefing — 2026-08-18

BIAS BEARISH. D1 structure confirms downside; H4 EMA bearish while H1 neutral creates minor conflict, but RSI at 41.6 keeps door open for continuation. KEY LEVELS R: 1.39, 1.395, 1.40801 | S: 1.385, 1.38452, 1.38 NEWS 🟡 CAD Housing Starts YoY – Tue 12:15 UTC 🟡 USD ADP 4-week avg – Tue 12:15 UTC 🟡 USD Building Permits MoM – Tue 12:30 UTC SESSION OUTLOOK Asia quiet; real volatility arrives with US data at 12:15–12:30 UTC. Watch 1.385 support hold as acid test for bearish structure.

Key Levels

R: 1.39000 · 1.39500 · 1.40801

S: 1.38500 · 1.38452 · 1.38000