USDCAD Asia briefing — 2026-09-04

BIAS BEARISH. EMA H4/H1 aligned downside; D1 structure confirms lower trajectory. RSI 34.1 neutral but price respecting bear setup. KEY LEVELS R: 1.38, 1.385, 1.39418 | S: 1.375, 1.37329, 1.37 NEWS 🟡 Average Hourly Wages (YoY) Fri 12:30 UTC 🔴 Net Change in Employment Fri 12:30 UTC 🟡 Participation Rate Fri 12:30 UTC SESSION OUTLOOK CAD data drops mid-Asia; employment miss risks rally, wage beats could extend weakness. Watch 1.375 hold as pivot.

Key Levels

R: 1.38000 · 1.38500 · 1.39418

S: 1.37500 · 1.37329 · 1.37000