USDCAD Asia briefing — 2026-09-02

BIAS BULLISH. D1 structure bullish; H1 EMA bullish supports momentum, though H4 neutral and RSI mid-range (56.55) suggest caution on extension. KEY LEVELS R: 1.39, 1.39418, 1.395 | S: 1.385, 1.38, 1.37329 NEWS 🔴 ADP Employment Change (USD) 12:15 UTC | 🟡 MBA Mortgage Applications (USD) 11:00 UTC | 🟡 Labor Productivity QoQ (CAD) 12:30 UTC SESSION OUTLOOK ADP drives USD volatility mid-session. Watch 1.39 resistance for rejection or break; hold above 1.385 support for bias validity.

Key Levels

R: 1.39000 · 1.39418 · 1.39500

S: 1.38500 · 1.38000 · 1.37329