USDCAD Asia briefing — 2026-08-19

BIAS BEARISH. H4 EMA bearish with price near support; RSI neutral avoids overbought confirmation, but D1 structure remains neutral—watch for breakdown conviction below 1.39. KEY LEVELS R: 1.395, 1.40, 1.40801 | S: 1.39, 1.385, 1.38452 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil & Distillate Stocks (Wed 14:30 UTC) SESSION OUTLOOK Asia open may test 1.39 support with low volatility expected pre-data. Watch for early sellers below 1.395; crude data at NY open could shift momentum.

Key Levels

R: 1.39500 · 1.40000 · 1.40801

S: 1.39000 · 1.38500 · 1.38452