USDCAD Asia briefing — 2026-09-03

BIAS BEARISH — D1 structure bearish, H4/H1 EMAs aligned downside, RSI 38 neutral but not conflicting. KEY LEVELS R: 1.385, 1.39, 1.39418 | S: 1.38, 1.375, 1.37329 NEWS 🟡 Challenger Job Cuts (USD) Thu 09:30 UTC | 🟡 Exports/Imports (CAD) Thu 12:30 UTC SESSION OUTLOOK Watch USD labor data early; weaker cuts support CAD strength. Late Canadian trade data may confirm downside momentum into Asian close.

Key Levels

R: 1.38500 · 1.39000 · 1.39418

S: 1.38000 · 1.37500 · 1.37329