USDCAD Asia briefing — 2026-08-20

BIAS NEUTRAL — H4/H1 bearish alignment conflicts with oversold RSI (27) and neutral D1 structure; no genuine directional edge. KEY LEVELS R: 1.385, 1.39, 1.40801 | S: 1.38002, 1.38, 1.375 NEWS 🟡 Employment Insurance Beneficiaries Change (12:30 UTC) 🟡 Industrial Product Price (12:30 UTC) 🟡 New Housing Price Index (12:30 UTC) SESSION OUTLOOK Asia session faces three low-impact CAD releases at midday. Watch oversold bounce risk near 1.38 support versus near-term bearish momentum.

Key Levels

R: 1.38500 · 1.39000 · 1.40801

S: 1.38002 · 1.38000 · 1.37500