USDCAD Asia briefing — 2026-08-28

BIAS BEARISH. RSI neutral at 52.81, but H4/H1 EMAs divergent while D1 structure remains neutral—conflicting signals, yet price rejection near 1.39 resistance favors downside. KEY LEVELS R: 1.39, 1.395, 1.39685 | S: 1.385, 1.38, 1.37329 NEWS 🔴 GDP Annualized (CAD) Fri 12:30 UTC | 🟡 GDP MoM & QoQ (CAD) Fri 12:30 UTC SESSION OUTLOOK Asia session low volatility expected until Canadian GDP data Friday. Watch 1.385 support hold; break triggers further downside toward 1.38.

Key Levels

R: 1.39000 · 1.39500 · 1.39685

S: 1.38500 · 1.38000 · 1.37329