USDCAD Asia briefing — 2026-08-21

BIAS BEARISH. H4/H1 EMAs aligned downward; RSI oversold at 27.95 signals exhaustion but confirms downtrend strength. D1 neutral doesn't override lower timeframe conviction. KEY LEVELS R: 1.38, 1.385, 1.40801 | S: 1.37556, 1.375, 1.37 NEWS 🟡 CAD Retail Sales (MoM) Fri 12:30 UTC 🟡 CAD Retail Sales ex Autos (MoM) Fri 12:30 UTC 🟡 USD S&P Global PMI Fri 13:45 UTC SESSION OUTLOOK Asia trade opens into oversold conditions; CAD data at 12:30 UTC may spark volatility. Watch 1.37556 support hold through Asia close.

Key Levels

R: 1.38000 · 1.38500 · 1.40801

S: 1.37556 · 1.37500 · 1.37000